Saunders: Free advice available on paying down student loan debt

Posted by: Lydia Kirschner  | Thursday, March 18, 2021

STATEHOUSE (March 16, 2021) – Hoosiers working to pay down their student loans can receive free financial help to tackle their debt, according to State Rep. Tom Saunders (R-Lewisville).

Saunders 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.

"Managing student loans can be daunting, and fortunately INvestED offers professional help and guidance to borrowers and their families," Saunders said. "Anyone who has taken out student loans or considering doing so should be comfortable with the terms and understand the financial obligations."

He said 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.

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.

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State Rep. Tom Saunders (R-Lewisville) represents House District 54,

which includes Henry County and portions of Rush and Wayne counties.

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