American Financial Benefits Center Encourages Student Loan Borrowers Delaying Marriage to Consider Repayment Options

EMERYVILLE, Calif., Feb. 28, 2018 /PRNewswire/ — What do we mean when we say Americans are delaying getting married because of student debt? Getting married can refer to the wedding, the marriage itself, or a combination of both. As the cost of weddings go up, and the prospect of combining debt-laden finances looms, student loan borrowers might feel trepidation about tying the knot. American Financial Benefits Center (AFBC), a document preparation company that specializes in assisting federal student loan borrowers with repayment plan applications and recertification, encourages borrowers who want to get married to consider their repayment options.

“Depending on where you live, just the cost of day-to-day living could be high, let alone the cost of a special occasion like a wedding, and student loans factor in,” said Sara Molina, Manager at AFBC. “Borrowers don’t have to approach student loan repayment alone, though. AFBC clients have help when it comes to navigating repayment.”

The average cost of wedding in 2017 was over $30,000. Meanwhile, the average college grad has about $30,000 of student loan debt. While expensive weddings and high loan balances could be weighting these averages, those numbers could still have significant influence when it comes to decision-making about getting married. Even if they go the low-cost wedding route, borrowers may also be wary about combining finances when at least one partner is in debt. However, borrowers may not know all the tools available to them when it comes to paying back their loans and how this might change their financial picture.

When it comes to repayment choices for federal borrowers, AFBC has a team of professionals who are knowledgeable about options offered by the Department of Education. Since AFBC is a private, independent company that is not affiliated with the Education Department or any loan servicer, they provide borrower-centered service to assist in the applications and recertifications for repayment plans which potentially lower borrowers’ monthly payments.

“We know each borrower who calls us has a unique situation,” said Molina. “And when it comes to borrowers who find their debt is delaying their marriage, we hope we can help them find solutions that will bring them closer to that special day.”

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 fit 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).