It's the 800 kilo gorilla in the living room. The university's debt has ballooned in recent years, and that is a fact for many young employees. These technically savvy workers paid for their education with loans that were in the numbers and more. The repayment schedule will be a part of their lives for many years and will affect the timing of important life decisions.
The university debtor feels trapped in a trap. He or she may feel that there is no way out and can make decisions that will harm them financially (eg dependence on perseverance, bankruptcy, etc.). They need help, and an intelligent employer realizes this. Going in to help an employee with college debt is something a frustrated person will appreciate.
Countrywide Pre-Paid Legal Services offers financial well-being assistance. We have a nationwide network of certified advisors who handle money problems that the average employee faces. College debt is one of our advisors' specialties.
Considering the college debt
A nationwide advisor looks at a person's cash flow and suggests strategies that can help the employee deal with the debt. There are several ways.
- Automatic payments (there may be an interest rebate to do this)
- Graduated payments that increase the monthly amount over the years.
- Pay as you earn. If a person is eligible, the monthly payments are limited to 10% of the monthly income for as long as 20 years.
- Knowing the loan terms. The loan itself can offer ways to lower either the interest rate or the balance.
Most people are not aware of the alternatives, and this makes a nationwide advisor a valuable resource. The advisor will review the terms of the loan to see if negotiating the terms can help a plan member. It often happens that loan managers are willing to be accommodating if specific paperwork is filled in correctly. Nationwide, a member of the financial health plan helps to present their case. There are government programs that will lower interest rates or forgive parts of the debt. A nationwide advisor will warn a person about such opportunities.
The best benefit is to create a sense of trust in a plan member. Nationwide advisors coach people on how to afford the university's debt and what are the best ways to pay off the obligation. Members of the financial health plan appreciate the attention and care shown by our advisors.
Customer Will Decide
Nationwide has several financial health services to help employees solve problems. However, they are not worth it if they are never used. We want all employees in a customer organization to be able to use our benefits. The only way to guarantee that is to design a plan that fits all demographics.
Nationwide relies on a client's opinion. We describe all our benefit options for a potential client's decision makers and answer all questions. We then ask these business leaders to deliver the benefits that come with their financial health plan. Nationwide, these choices are included in the planning document. We provide administration of these benefits and provide membership services.
Academics may be young, but they are adults. They insist on being treated like adults. The newly hired people can expect the respect they want when they work with Countrywide.
Our advisors are experienced professionals who are well versed in financial well-being. Nationwide expects more. We want our counselors to show empathy and emotional intelligence. Counselors listen carefully before working on a problem. They are not condescending elites. An employee receives important help without being treated like a child.
You may have some questions about our services. We would love to hear them and answer all your questions. If you want to know more about us, you are welcome to contact us when it suits you. Countrywide welcomes the opportunity to serve you and your hard-working employees. Catalog