American Financial Benefits Center: Student Loan Debt Not Necessarily a Barrier to Success
EMERYVILLE, Calif., March 12, 2018 (Newswire.com) - The vast majority of American adults have some form of debt, hovering around about 80 percent of adults across multiple generations. Most of the debt is mortgage debt and student loan debt. Having debt does not have to be a bad thing, especially if repayment is handled well. American Financial Benefits Center (AFBC), a document preparation company that helps federal student loan borrowers apply for and recertify repayment plans believes that student loan debt is not necessarily a barrier to success.
“Most federal student loans are equipped with a host of repayment options that our clients at AFBC are accessing,” said Sara Molina, Manager at AFBC. “We’ve assisted our clients to apply for successfully and recertify enrollment in repayment plans that help keep them current on their loans.”
Maintaining good standing with your student loans and having an affordable monthly payment are two steps that can help you not be totally defined by your debt. This leaves you free to pursue other goals and focus your energy on things that matter to you.
Sara Molina, Manager at AFBC
Financing a home or an education that otherwise would have been completely unattainable can be a solid investment in a person’s own future. An opportunity to build wealth with home equity, or build a career with an advanced degree as a credential can be valuable over the course of a lifetime. But debt can spiral out of control if not handled correctly.
Student debt can definitely become devastating if repayment goes wrong. The fact that so many student loan borrowers are in default speaks to the fact that either their debt is overwhelming them or they are not accessing available resources to mitigate repayment issues—or both. AFBC is a private organization which provides a service to borrowers to fill the gap in understanding about the repayment process.
The income-driven repayment plans which AFBC helps clients apply to and recertify enrollment in are helpful to many borrowers because they base payments on income and family size. If a borrower’s debt is sufficiently higher relative to his income, he could expect his payment to be lowered from the Standard plan payment.
“Maintaining good standing with your student loans and having an affordable monthly payment are two steps that can help you not be totally defined by your debt,” said Molina. “This leaves you free to pursue other goals and focus your energy on things that matter to you.”
About American Financial Benefits Center
American Financial Benefits Center is a document preparation company that helps clients apply for federal student loan repayment plans that fits their personal financial and student loan situation. Through its strict customer service guidelines, the company strives for the highest levels of honesty and integrity.
AFBC 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).
Contact
To learn more about American Financial Benefits Center, please contact:
American Financial Benefits Center
1900 Powell Street #600
Emeryville, CA 94608
1-800-488-1490
Source: American Financial Benefits Center
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Tags: education costs, income-driven repayment plans, student debt, student loans
