Ameritech Financial: In an Age of Big Student Loan Debt, is Sky-High Administrator Pay Justified?

ROHNERT PARK, Calif., March 19, 2018 (Newswire.com) - A recent op-ed decries the vast income inequality between administrators at public North Carolina universities and the graduate students as well as adjunct professors of the same institutions. While the pay disparity noted in the piece is large, it’s not even the largest out there. Other public universities have administrators who command more than a million dollars per year in pay. This high salary begs the question: In this age of growing student loan debt, is it appropriate for administrators, especially at public institutions, to take such a high salary? There are many sides to the debate, but what’s certain is that student loans remain a big problem and continue to grow. Ameritech Financial, a document preparation company which assists borrowers in applying for federal repayment plans that can potentially lower their payments, stands with students and borrowers when it comes to student loans.

“It is striking how much some college presidents make at public colleges, which are supposed to be the more accessible and affordable option,” said Tom Knickerbocker, executive vice president of Ameritech Financial. “And the growing collective student loan debt, including from people who attended public universities, is evidence that tuition is still out of reach for so many students.”

It is striking how much some college presidents make at public colleges, which are supposed to be the more accessible and affordable option. And the growing collective student loan debt, including from people who attended public universities, is evidence that tuition is still out of reach for so many students.

Tom Knickerbocker, Executive Vice President, Ameritech Financial

Not all college presidents are making a million dollars per year. But even amid this climate of growing student debt, and growing number of high-balance borrowers, some college presidents are offered sky-high pay to remain competitive with salary offers they get from private institutions. However, university chancellors and college presidents are not always the highest-paid employees on campus — or in the state. That honor often goes to top college football and basketball coaches, who can make several million per year. Nick Saban, for example, the head football coach at the University of Alabama, made $6.9 million in 2016.   

Whether you love football or not, or think university presidents deserve their high pay or not, borrowers at these various institutions are taking on debt to finance their undergraduate and graduate educations. As federal debt grows, it’s important borrowers know their options when it comes to repayment. For borrowers who may be confused about repayment options, or who are having issues repaying their student loans in their current repayment plan, Ameritech Financial offers a valuable service to federal student loan borrowers all over the country. The company is a private, independent business which offers expertise and concrete support regarding federal repayment plans offered by the Department of Education.

Ameritech Financial has already assisted thousands of student loan borrowers in selecting, applying for and recertifying their enrollment in repayment plans which often lower their monthly payments to affordable amounts.

“We know that borrowers, including graduate students, are often hurting for money during their time at school, and seeing their administrators paid so much can be difficult,” said Knickerbocker. “But once school ends and loan repayment begins, there are opportunities for them to handle their loans well. Ameritech Financial helps borrowers do just that.”

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
​[email protected]

Source: Ameritech Financial