Press Release (ePRNews.com) - Rohnert Park, CA - Mar 06, 2018 - There are many reasons to change careers. Burnout, poor fit, poor planning, missed opportunities, changing life circumstances. The reasons to change careers are personal and different for each individual. However, there’s one factor that should not get in the way: student loan payments. Ameritech Financial is a document preparation company that helps student loan borrowers apply for and stay enrolled in federal income-driven repayment plans that can help them stay current on their loans through a career change.
“Whether borrowers wake up and realize they’re unhappy or decide to finally do what will give them purpose after years in a lackluster job, it can be hard to make that career change,” said Tom Knickerbocker, Executive Vice President of Ameritech Financial. “Debt obligations can certainly get in the way of a potential career change, especially when it comes with a lower paycheck.”
Many of the obstacles in the decision to change careers are mental: fear of starting over and losing the hard-earned status in the current position; fear of being judged by others; fear of making a mistake; fear of not knowing about positions in other industries. Those can be overcome through perseverance and determination. Other advice may include taking action and getting help.
Whether borrowers wake up and realize they’re unhappy or decide to finally do what will give them purpose after years in a lackluster job, it can be hard to make that career change.
Student loans may be a unique obstacle. They often inspire strong feelings, which can push borrowers to deal with the loans. Borrowers may feel guilty about considering changing careers from the one that their college education may have prepared them for. However, many skills can be transferred to other positions, especially soft skills like communication and teamwork.
Perhaps the primary way student loans may be an obstacle to a career change is the financial factor. Student loan payments can be high, and any promotions in the current line of work certainly helped with the ability to make those payments. Those promotions may be lost in a change, and the borrower may have to start over with lower wages, making those loan payments difficult again.
Ameritech Financial reminds borrowers who may be worried about their federal student loan payments during a career change that there are income-driven repayment plans available that they can apply for. Such plans base their payments on their income and family size. Any change in income or family size will also change their loan payment, keeping it at 10 to 15 percent of their discretionary income, depending on the specific IDR in which they enroll. Ameritech Financial helps borrowers understand and apply for IDRs.
“A career change should be a positive one, and student loan borrowers shouldn’t feel like their loans are holding them back from a change like that,” said Knickerbocker. “A college education was intended to set you up for a good future, so it holds that the loans used to fund that education shouldn’t get in the way, no matter what it means for each individual borrower.”
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.
To learn more about Ameritech Financial, please contact:
5789 State Farm Drive #265
Rohnert Park, CA 94928