Ameritech Financial: Business School Graduates May Face Sky-High Tuition and Should Consider Student Loan Repayment Choices
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ROHNERT PARK, Calif., March 6, 2018 /PRNewswire/ -- Getting an MBA, especially from an elite institution, can be a gateway to a high-paying job. However, the price tags of certain MBA programs are huge, and going to business school can result in a pile of student debt. Former business school students who have federal student loans and high loan balances do have options and protections, though, when it comes to repayment. Ameritech Financial, a document preparation company that assists federal student loan borrowers with applications for repayment plans, encourages MBAs to consider their repayment options.
"So many borrowers, even with advanced degrees, don't know all of their repayment options and what resources are available to them as a federal loan borrower," said Tom Knickerbocker, Executive Vice President of Ameritech Financial. "Ameritech Financial provides an excellent service to help borrowers when it comes to finding and applying for federal repayment plans."
While borrowers of all backgrounds use the services of Ameritech Financial, borrowers with high loan balances whose monthly payments are also high may find the company's help useful. Ameritech Financial helps borrowers select and apply for income-driven repayment (IDRs), which base the borrower's monthly payment on income and family size. IDRs also position borrowers for loan forgiveness after a period of 20 to 25 years of repayment while enrolled in such programs.
Now, some graduates of high-ranked MBA programs may have super-high salaries after they graduate and may not need an IDR at all. But some, even with comfortable salaries, may still have massive debt that needs to be contained, and may require the security that these repayment plans offer. The author of this essay graduated from business school with a high balance of student loans, now heads a nonprofit, and appears to be in an IDR. She argues that those big student loan balances depress entrepreneurship because MBAs have to chase the big salaries at pre-established companies rather than striking out on their own.
With that in mind, for entrepreneurial-minded borrowers who want to start their own business but may need a little bit of security when it comes to their loan payments, IDRs could possibly be a beneficial addition to their plans. Salaried MBA holders in lower-paying fields may also enjoy the protections that an IDR provides.
"Ameritech Financial makes it easy for our clients to find, apply for, and recertify the repayment plan that works specifically for them and their financial situations," said Knickerbocker. "We have clients of all educational backgrounds turning to us for support and we aim to make a difference in the lives of these borrowers."
About Ameritech Financial
Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.
Ameritech Financial is a member of the Association for Student Loan Relief (AFSLR), and each representative on the phone has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).
Ameritech Financial prides itself on its exceptional Customer Service.
Contact
To learn more about Ameritech Financial, please contact:
Ameritech Financial
5789 State Farm Drive #265
Rohnert Park, CA 94928
1-800-792-8621
customer.service@ameritechfinancial.com
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SOURCE Ameritech Financial
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