Ameritech Financial Supports Borrowers Breaking Through Barriers Towards Financial Goals

ROHNERT PARK, Calif., Feb. 28, 2018 /PRNewswire/ — Last year, an Australian businessman famously commented on millennials throwing away their money on frivolous luxuries like high-priced avocado toast when they could be saving for a home. While we’re not quite as familiar with the Australian housing market, what is true is that in certain places in the United States, saving for a home is not just a matter of forgoing avocado toast at a fancy café, especially for student loan borrowers. Ameritech Financial, a document preparation company that assists federal student loan borrowers in applying for and maintaining enrollment in repayment plans, supports student loan borrowers who are seeking financial mobility.

“From our perspective at Ameritech Financial, we realize that there are many reasons why individuals aren’t reaching their financial goals like buying a house,” said Tom Knickerbocker, Executive Vice President of Ameritech Financial. “Of course, student loans could be a barrier for those who are trying to save but can’t without falling behind on their loans.”

While the housing market may be affordable for younger adults in some areas in the country, many urban centers like Denver, Boston, D.C., and San Francisco will require more than a decade of saving for homeownership to be a possibility for many millennial renters because of high home prices. And while these young adults may do well to curb some spending, experts also cite stagnant wages as a reason for delayed homeownership, while student debt is another.

Ameritech Financial can help federal student loan borrowers who are looking for assistance regarding their repayment options. Ameritech helps its clients apply for and stay enrolled in repayment plans that often make monthly payments more affordable. These are known as income-driven repayment plans, and they also put borrowers on track to forgiveness after a 20- to 25-year period of repayment.

“Bringing that student loan payment down could be one of the factors that pushes young people closer to homeownership,” said Knickerbocker. “At Ameritech Financial, we are hoping that the assistance we provide can help bring individuals closer to their goals.”

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).