ROHNERT PARK, Calif., August 8, 2018 (Newswire.com) - Democrats in the U.S. House Committee on Education and the Workforce have recently introduced The Aim Higher Act, which proposes to give students the chance to earn a debt-free degree and a rewarding career. With this bill, lawmakers aim to improve college affordability, tighten regulations on for-profit institutions and protect federal repayment programs. Though this legislation may currently have even less of a chance passing than the stalled Republican Prosper Act, more than 44 million Americans holding more than $1.5 trillion in debt continue to seek relief from representatives. Ameritech Financial is a document preparation company that attempts to align student loan borrowers with federal programs that could potentially lower their payments and then assists with completing the application for such programs.
“Americans continue to struggle through the student loan debt crisis," said Tom Knickerbocker, executive vice president of Ameritech Financial. “And though Congress has been unable to pass meaningful legislation concerning this issue, we continue to help individuals overburdened by student loan debt by advising them about income-driven repayment plans (IDRs) and how a document preparation company like ours could help them.”
The Aim Higher Act would lower college cost by investing more in federal student aid and incentivizing states to reinvest in higher education. It would also tighten regulations on predatory for-profit institutions that prey on students and veterans with expensive, low-quality programs. Further, the proposed legislation would preserve and broaden the Public Service Loan Forgiveness (PSLF) program to simplify and ease repayment of student loans. The legislation also aims to supply students with the tools they need to graduate on time with a quality degree and invest in teachers and school leadership to enhance training and boost the quality of student higher education experiences.
This legislation is a response to the Prosper Act which seeks to streamline federal student aid into a single funding tool, introduce lifetime borrower limits and simplify repayment options to one standard and one income-based program. Prosper would also reduce overall federal funding, offer protections to for-profit colleges and eliminate PSLF. There is no bipartisan support for either bill, so it’s unlikely that either form of governmental relief is on the horizon for now. Current students must be highly aware of the debt they accumulate in their pursuit of higher education and borrowers suffering from overwhelming student loan debt may need to seek assistance from outside sources, such as Ameritech Financial.
“We can’t force Congress to act,” said Knickerbocker, “but we can help individuals apply for and maintain enrollment in IDRs, possibly lowering that monthly payment so that they can move forward in their lives.”
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.
Each Ameritech Financial telephone representative 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
Source: Ameritech Financial