ROHNERT PARK, Calif.,
Dec. 15, 2017 /PRNewswire/
-- Serving in any branch of the military can be a deeply
enriching experience. But while service members are lauded for
their sacrifices, they often need to finance their educations by
taking out student loans. In return for their service, there are
several student loan assistance programs that repay that service.
Ameritech Financial, a document preparation company that assists
borrowers in applying for federal repayment plans, can help past
and present military service members find potential options for
relief from high monthly student loan payments through
income-driven repayment options.
For those in the military aiming to pursue college later, there
are tuition assistance programs that will ease the financial burden
of college. But for those who went to college before enlisting,
tuition assistance isn't helpful. In 2012, about 41 percent of
those enlisted had student loans. Those service members had to
worry about their student loans on top of the worries and
expectations of their military careers.
"People serving in the military aren't immune to student loan
debt," said Tom Knickerbocker,
Executive Vice President of Ameritech Financial. "In fact, when
they are deployed in another country it can make managing their
debt even harder, leaving some loans to increase until they are
unmanageable. It doesn't have to get that bad for anyone."
There are a variety of options for active duty members who need
help with their student loans, ranging from repayment assistance to
forgiveness. Each branch of the military has its own programs, so
service members should talk to their recruitment office or servicer
about their options. For example, the National Guard has a
repayment program in which members can receive up to $50,000 in forgiveness if they enlist for at
least 6 years.
All people on active duty have access to interest cuts and
additional deferment opportunities. However, borrowers should be
aware that deferring student loans may not prevent interest from
accruing and often adds to the balance to be dealt with later.
Veterans have some similar options, but available benefits
mostly center around helping them and their family members go to
school, including the Forever GI Bill. However, any veteran who has
suffered an injury while on duty may be able to discharge their
debt completely through total and permanent disability discharge.
Otherwise, income-driven repayment options are always available for
those who have trouble affording their monthly student loan
payments. Ameritech Financial specializes in helping borrowers
apply for an IDR that fits their financial situation, including
Public Service Loan Forgiveness when applicable.
"Those serving our country through the military have enough to
worry about without student loans," said Knickerbocker. "At
Ameritech Financial, we help borrowers apply for repayment plans
intended to lower payments so they can focus on what's really
important in their lives and for our country."
About Ameritech Financial
Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial
has already helped thousands of people 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.
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-reminds-service-members-of-student-loan-repayment-and-forgiveness-options-300572303.html
SOURCE Ameritech Financial