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Home / Insurance / There is a way out the university debt does not have to be a burden – Legal Insurance Blog – March 10, 2022

There is a way out the university debt does not have to be a burden – Legal Insurance Blog – March 10, 2022



stockfresh_7102501_college-debt_sizeS-300x300College debt is not just a problem for recent graduates. Many employees are still struggling to pay their education bills, which seems hopeless to some. University debt can only be part of an overall gloomy financial picture. It is the size of the payment obligation that often causes the worse stress. Too many people are resigned to life decisions that include postponing marriage, family or buying a house due to college debt.

Employers are now being asked to help their employees with money problems. It means more than a seminar or a self-study course. More and more people want a little extra to help them with their financial well-being. Nationwide prepaid legal services offer significant value with a significant benefit plan.

Advice, support and training

We have a financial wellness program that covers many bases. A national network of certified advisors is the heart of our services. These are professionals who deal with everyday financial problems that a person is faced with. There is an advisor in every community where there is a nationwide client.

The advisors are familiar with university debt and what measures a person can take to reduce the burden. This may include various programs that reduce either the balance or interest rates. The counselor will tell a member of a financial health plan what needs to be done to qualify for multiple debt relief programs. But the help does not stop there.

Many employees have problems with college debt because their finances are in shambles. A nationwide advisor will do a budget analysis and help construct a working budget that allows a person to meet college loan payments. Nationwide assistance does not end there.

Some plan members have college debts and other mandatory obligations that they must fulfill. The options can be as drastic as foreclosure or bankruptcy. We have a debt management plan that can help a person waive fees, lower interest rates or even reduce payments. There is ongoing advice and customer help while the plan member is enrolled in the program. It costs a little more, but this type of financial well-being makes a significant difference.

The services we offer someone who is struggling with university debts can reverse the trend. Borrowing commitments become part of an orderly payment of bills, and the advisor’s proposal will help a person develop more realistic expectations and spend money prudently. We offer no boiler solutions; Each customer has their own tailored financial well-being plan.

The employer cooperates with us

We have worked with organizations for years that provide superior employee benefits to their privates. Countrywide knows from experience that no organization is completely the other: everyone has their own staff demographics. What is appropriate for one organization may not be enough for another. We only know what services we will offer by working closely with the decision makers.

Our relationship with a potential customer sets the tone for future activities. We sit down with an organization’s executives and explain our financial health services. We know that management has questions and we encourage them. We want potential customers to understand what they can expect, and we believe that transparency is crucial. After we have explained our services and what other things we can do, we ask the decision makers to decide what benefits will be included in their plan. These choices are part of the final document. Countrywide offers superior membership services and streamlined administration. We keep in close contact with all our customers to ensure that everything goes as expected.

Are you interested in our services? We hope you are and that you contact us as soon as possible. We want to explain all our services and answer all the questions you have. We can help your employees manage college debt and provide other services that they will appreciate.


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