American Financial Benefits Center on When Side Hustles Aren't an Option

American Financial Benefits Center on When Side Hustles Aren't an Option

Press Release ( - EMERYVILLE, Calif. - Feb 07, 2018 - Student loan debt can cause individuals a lot of stress, which can have an adverse effect on their lives. Much of the advice on how to deal with student debt tells borrowers the best way to knock it out is as quickly as possible. There are two ways to do that: decrease expenses or increase income, both with the goal of putting more money toward that debt. When decreasing expenses either isn’t an option or isn’t enough, many turn to side hustles. But what if a side hustle is not an option either? American Financial Benefits Center (AFBC), a document preparation company focusing on applying for federal student loan repayment plans, reminds borrowers that there’s another way to deal with their student debt.

“Life can be busy and there’s only so much you can pack into a day,” said Brandon Frere, CEO of AFBC. “Everyone’s lives are different, with priorities competing for a limited amount of time. For side hustles to be effective, they need to be consistent and that’s just not possible for everyone.”

Side hustles often take a lot of time, and they require a specific perspective on work in order to be successful. To accommodate the additional work a side hustle entails, people often decline social invitations and work long hours — outside normal full-time hours and on weekends.

For side hustles to be effective, they need to be consistent and that’s just not possible for everyone.

Brandon Frere


However, not everyone can spend their time working like that. Some people may have other obligations, like volunteer work and other community involvement. They might have a family and need to look after kids or other relatives. They might have health issues that prevent them from working the types of jobs or hours common to side hustles.

Whereas picking up a successful side hustle may require a change in perspective, so does another option. The change means focusing on the long term rather than the short term. Federal income-driven repayment plans (IDRs) can make student loans more manageable in the long term and may be more useful for people who can’t take on a side hustle for a short-term payoff of their debt. IDRs calculate monthly payments on income and family size, which can greatly reduce payments. After a 20- to 25-year term, any balance left is forgiven.

“IDRs are a great tool for people whose income doesn’t cover their student loans on top of all their other expenses,” said Frere. “Instead of working ridiculous amounts on their side hustles, borrowers can usually relax more in IDRs. At AFBC, we’ve helped so many people realize the benefits of focusing their time on what’s important to them and we hope that others can do the same.”

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. They adhere to strict customer service guidelines and strive 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).


To learn more about American Financial Benefits Center, please contact:

American Financial Benefits Center
1900 Powell Street #600
​Emeryville, CA 94608

Source : American Financial Benefits Center

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