STATEHOUSE (March 17, 2021) – Hoosiers working to pay down their student loans can receive free financial help to tackle their debt, according to St. Joseph County lawmakers.
State Rep. Dale DeVon (R-Granger) 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.
"Student debt can really start to add up, and some may feel like they are never going to be able to pay it all back," DeVon said. "INvestED can help Hoosiers develop a game plan based on their unique needs and financial situation. It's a great opportunity to get some professional input."
State Rep. Jake Teshka (R-South Bend) 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
"Taking advantage of this free help could mean getting out of debt faster," Teshka said. "Whether you are a young graduate who has no experience with loans, or you are an older borrower with a mortgage, car payment and credit cards, some advice from experts could make a big difference in better managing your finances."
"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."
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. Dale DeVon (R-Granger) represents House District 5,
which includes portions of St. Joseph County.
Click here to download a high-resolution photo.
State Rep. Jake Teshka (R-South Bend) represents House District 7,
which includes the majority of St. Joseph 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.
