Disclosure: This is a sponsored post from Liberty Bank.
If you are going to college currently or you have graduated, most likely you have accumulated some student loan debt. According to the Institute for College Access & Success in 2012, 45% of American households are struggling to repay $1.2 trillion in student loan debt. That is a 500% increase over student debt over the past decade! I know my husband and I have had our share our student loan debt between the two of us and honestly it was just another bill to pay. No one ever talked to us or gave us information on managing the debt or how to pay it off more efficiently, we were on our own. We were part of the one million, or around 71% of students who graduated from a four-year college that was left with debt.
Liberty Bank for Savings wants to help those struggling with student loan debt by hosting a free webinar to help people learn to reduce their student debt. The webinar, Wipe Out Student Loan Debt, will be conducted by Laura La Belle, a certified financial planner and money coach, and she will be available free of charge via laptop or smartphone. She is going to cover the latest programs, options and specific steps to eliminate student loan debt.
The free webinar is going to run about 45 minutes and will include time for questions and answers. It is designed for college grads in the broader Chicago area who want to reduce their loan obligations.
The topics being covered are:
- How to apply for the new debt repayment programs
- Prevent student loan defaults
- Avoid garnishments, liens and tax levies
- Evaluate new payment reduction programs
- How to use debt forgiveness programs which may save thousands of dollars
- Avoiding scam artists that prey on debt-ridden naive borrowers
- College is basically the next highest debt you could have after buying a house and like I mentioend, it is easy to be clueless about it. There are so many resources out there for homebuyers but not many it seems that touch on student loan debt. I love that Liberty Bank for Savings is offering this free webinar as there is so much that can be learned from it. Liberty Bank for Savings has been helping customers for 117 years now (yes I wrote 117) and they pride themselves on customer service combined with electronic banking. They are working towards transforming banking and offering innovative solutions.
While Liberty Bank for Savings does not offer college or commercial loans, they do provide free money management seminars as a community service. They even feature the Pay Yourself First program which is a free, easy-to-use automatic savings tool that helps neighbors achieve their financial goals.
Liberty Bank for Savings is sponsoring a free webinar designed to help people reduce student loan debt Wednesday, April 22, at 7 p.m. To register, visit www.libertybank.com.
Liberty provides safe and secure banking services at three northwest Chicago locations including 2392 Milwaukee Avenue, 7111 Foster Avenue, and 6210 N. Milwaukee Avenue, plus one in Lincolnwood at 6666 N. Lincoln Avenue and 1018 Touhy Ave, in Park Ridge.
Pam Robinson says
Very informative to decreasing student loan debt. Is Liberty Bank the only baking institution that is helping those dealing with this issue? If so, that should reflect on those that don’t care about their consumers.