Free Advice Available On Paying Down Student Loan Debt
Posted
Staff Report-
STATEHOUSE – State Reps. Curt Nisly (R-Milford) and Craig Snow (R-Warsaw) want to inform Hoosiers who are working to pay down their student loans can receive free financial help.
Nisly said borrowers can work one-on-one with an INvestED counselor during a “student loan checkup” to analyze the types of loans a borrower has, along with the interest rates, monthly payments and repayment length and terms, according to a news release. During this checkup, Hoosiers can seek advice and use INvestED’s savings calculator to determine the best course of action.
"For some people, it takes years and years to pay down their student loan debt," Nisly said. "By turning to a professional, Hoosiers can come up with a strategy and work toward more financial freedom."
Snow said meeting with professionals provides Hoosiers opportunities to receive recommendations, including refinancing for a lower monthly payment, consolidating federal loans or paying off a loan sooner. INvestED is an Indiana nonprofit offering free, confidential and exclusive advice to Indiana residents on avoiding and reducing student loan debt.
"Many Hoosiers utilize loans to put themselves through college, and could then use advice on managing that debt," Snow said. "There are several different loan types, and they all have different terms, which can be very overwhelming. This is a great opportunity to learn more and take control of your finances."
Hoosiers can seek advice anytime through INvestED's helpline at 317-715-9015, emailing outreach@investedindiana.org or accessing the online chat function atinvestedindiana.org. To learn more about scheduling a checkup appointment with INvestED, visit Investedindiana.org.
