Elkhart County legislators: Free advice available on paying down student loan debt

Posted by: Allison Vanatsky  | Wednesday, March 17, 2021 12:00 pm

 STATEHOUSE (March 17, 2021) – Hoosiers working to pay down their student loans can receive free financial help to tackle their debt, according to Elkhart County lawmakers.

 State Rep. Joanna King (R-Middlebury) 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. During this checkup, Hoosiers can seek advice and use INvestED's savings calculator to determine the best course of action.

 "Many people take out student loans as they invest in their higher education to reach their career goals," King said. "But, managing student loan debt can be a challenge, and there are people with INvestEd who want to help you make a plan."

 According to State Rep. Doug Miller (R-Elkhart), 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.

"Paying back a student loan can be stressful," Miller said. "This free advice could really make a difference in better managing your finances and achieving financial independence."

Hoosiers can seek advice anytime through INvestED's helpline at 317-715-9015, emailing outreach@investedindiana.org or accessing the online chat function at investedindiana.org. To learn more about scheduling a checkup appointment with INvestED, visit Investedindiana.org.

"INvestED wants to be accessible to all Hoosiers, and they are ready to help," Wesco said. "It's a free service, whether calling, emailing or chatting online."

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State Rep. Joanna King (R-Middlebury) represents House District

49, which includes the eastern portion of Elkhart County.

Click here to download a high-resolution photo.

State Rep. Doug Miller (R-Elkhart) represents House District 48,

which includes portions of Elkhart County.

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State Rep. Tim Wesco (R-Osceola) represents House District 21,

which includes portions of Elkhart and St. Joseph counties.

Click here to download a high-resolution photo.