Snow: 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 State Rep. Craig Snow (R-Warsaw).

 Snow 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 Hoosiers utilize loans to put themselves through college, and could then use advice on managing that debt," Snow said. "There are several different loan types, and they all have different terms, which can be very overwhelming. This is a great opportunity to learn more and take control of your finances."

 According to Snow, 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.

 -30-

 State Rep. Craig Snow (R-Warsaw) represents House District 18, which

includes Wabash County and portions of Kosciusko, Grant and Miami counties.

Click here to download a high-resolution photo.