ROHNERT PARK, Calif., March 9, 2018 /PRNewswire/ -- There are many good reasons to go to graduate school, but there are many bad reasons, too, including avoiding repaying student loans. Many federal student loan borrowers are aware of in-school deferment during graduate school. However, it's much wiser to consider repayment options than to run away from the loans by way of graduate school. Ameritech Financial, a document preparation company that assists federal student loan borrowers in applying for repayment plans, encourages borrowers to choose graduate school for the right reasons.

"Graduate school is a big undertaking, and everyone — especially student loan borrowers — should carefully consider all possibilities when deciding whether to go to graduate school," said Tom Knickerbocker, executive vice president of Ameritech Financial. "It can be absolutely the right decision, but if made for the right reasons."

For students who like school, graduate school might be an attractive option after they finish their undergraduate studies. And graduate school might be the right option. In the best case scenario, it will serve as an intellectual or professional training ground to advance the student's life and career. However, the decision to attend should not be taken lightly, namely because of the costs. The costs are multifold: the money it takes to attend and the life or career opportunities foregone because of attendance. So when this self-described graduate school "quitter" shares the common wisdom as "only pursue a Ph.D. if there is literally nothing else you can imagine yourself doing," the advice should not be understood as "go to graduate school if you're too terrified to consider anything else."

Another bad reason to go to graduate school is to avoid paying student loans. If a student is approaching the end of undergrad with a pile of student loans awaiting repayment, the answer is not more school simply to put off that repayment. First, this tactic might put the student even deeper into debt. Second, in-school deferment is not the only option if a student is fearing a high student loan payment.

Once the repayment period begins, every federal student loan borrower automatically gets put into a standard repayment plan. The standard plan bases payments on a 10-year payoff schedule. However, for borrowers for whom the standard payment is too high, other plans exist. Namely, income-driven repayment plans (IDRs), which calculate monthly payments based on income and family size. These plans require applications and yearly recertification. Ameritech Financial provides assistance to borrowers in selecting, applying for and recertifying their enrollment in IDRs.

There are several different types of IDRs and the professionals at Ameritech Financial can help borrowers determine which plan is right for them. After Ameritech Financial assists the borrower in applying, the company will keep a timeline of the borrower's plan so no important deadlines will be missed.

"For federal student loans, there's no reason to ignore or avoid them when there are different ways to approach repayment," said Knickerbocker. "Ameritech Financial helps borrowers who have questions and doubts about repayment apply for and stay in a plan that works for them."

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

Related Links

Ameritech Financial home page

View original content with multimedia:http://www.prnewswire.com/news-releases/ameritech-financial-encourages-students-to-choose-graduate-school-for-the-right-reasons-300611394.html

SOURCE Ameritech Financial

Related Links

https://ameritechfinancial.com