STATEHOUSE (March 10, 2021) — Hoosiers working to pay down their student loans can receive free financial help to tackle their debt, according to State Rep. Mike Karickhoff (R-Kokomo).
Karickhoff 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.
"As many Hoosiers earn their degrees from a college or university, some take out student loans and agree to repaying the amount over a period of 10 years or more," Karickhoff said. "INvestED focuses on helping those who still have debt years after they graduate create a financial plan to pay it down."
According to Karickhoff, recommendations include refinancing for a lower monthly payment, consolidating federal loans or paying off a loan sooner. INvestED is an Indiana nonprofit that offers free, confidential and exclusive advice to Indiana residents on avoiding and reducing student loan debt.
Hoosiers can seek advice anytime through INvestED's helpline at 317-715-9015, email or online chat function. To learn more about scheduling a checkup appointment with INvestED, visit Investedindiana.org.
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State Rep. Mike Karickhoff (R-Kokomo) represents House District 30,
which includes portions of Grant and Howard counties.
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