ROHNERT PARK, Calif., August 6, 2018 (Newswire.com) - That finances are a major issue in relationship stress is no surprise. Findings in a SunTrust study found that nearly half say they handle money differently than their partner, and 35 percent of individuals in relationships who experience stress blame money issues. It is surprising though that 13 percent of divorced couples responded that student loan debt was to blame for the breakup. As more than 44 million Americans struggle to keep up with an escalating $1.5 trillion student loan debt, averaging over $30,000 per borrower, it is no wonder that marital relationships are being stressed. Ameritech Financial, a document preparation company, specializes in assisting clients in applying for and maintaining enrollment in federally available programs such as income-driven repayment plans (IDRs) which can hopefully reduce any additional stress of repayment.
“Relationships can be hard, and bringing stress in from something as financially challenging as student loan debt doesn’t help,” said Tom Knickerbocker, executive vice president of Ameritech Financial. “If you’re in a relationship, or going it alone, we can help you navigate what some see as a sometimes-complex student loan repayment process, and perhaps lower your payments, and ease some of that stress that is driving so many critical life decisions.”
For those separating because of student loan debt, divorce, already a jarring life upheaval, is made even more complicated by the debt that caused it.
Further, student loan debts incurred to obtain a professional degree are usually considered to be the responsibility of the degree holder. A few states, such as New York, consider professional degrees to be marital property, and therefore the debt is marital debt. Also, if the student loans were recently incurred, it is more likely that it will be considered separate debt, but if the loans were taken years before and both partners benefited from the increased income due to the loans, that debt is more likely to be considered marital debt. Since student loan debt is both causing issues and complicating marriage, it is important to know that there are certain solutions available to federal loan borrowers who find themselves struggling to keep up with payments.
“We are not experts in relationships and certainly can’t help people with their relationships skills,” said Knickerbocker, “but we can help them find student loan repayment solutions, such as IDRs, to hopefully reduce stress enough so that every relationship has the best chance possible.”
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