When 43 million Americans owe $1.3 trillion in student loan debt, people tend to take notice. At least, we did.
At Transformance, we’ve revised our Student Loan Coaching program to better fit the needs of millions of college graduates (or near-grads) saddled with crippling debt. Studies have shown the spillover effect when so many individuals are hindered from reaching their full potential while paying off that degree. We’ve also seen that a significant number of African-American and Latino students (compared to white and Asian-American students) leave college with student loan debt.
In Dallas, we’ve addressed these issues with our “College Counts: Securing Assets Through Financial Education,” or C2:SAFE initiative with Dallas County Community College District (DCCCD) and Dallas Women’s Foundation. But that program is limited to the 70,000 DCCCD students in North Texas, and we know thousands of others need similar guidance and support. So we’ve repackaged and redesigned our Student Loan Coaching program to better suit the needs of those who are ready to move into the next chapter of their life.
What You Get
At every step, we are committed to a one-on-one coaching relationship. It’s an element that sets Transformance apart and resonates with those we serve. Be it in person, over the phone or via email, our coaches make every effort to meet the needs of our clients.
With the Student Loan Coaching program, our coaches will:
Explore strategies to lower Interest on loan overall
Outline path to timely re-payment
Show how to find eligibility for cancelation and forgiveness
Outline options in case you have trouble re-paying
Outline options to keep payments reasonable
Discuss loan re-habilitation programs
Review debt consolidation choices
The cost to enroll in this unique program is only $50. This one-time fee includes an initial appointment with a Transformance certified coach -- think of them as a personal financial trainer or a personal chef creating a healthy, financial diet – as well as routine follow-up sessions. Coaches will also share with program participants industry resources often overlooked or left undiscovered by online researchers.
"One of the ways we can help you the most is by providing direct support and sharing our knowledge to guide you to the right resources," said Regina Blackwell, a Transformance certified outreach coach. "You are not alone in your journey."
Why You Need It
These days, the information you need is often only a mouse-click or keystroke away. And while online resources are great, they are often abundant, contradictory, and usually have an overwhelming amount of data and details to sift through. This takes time, and usually pulls you away from the aspects of life you work so hard to enjoy.
Our Student Loan Coaching program isn’t about information, it’s about relationships. Each Transformance client is connected with a certified coach, and together they begin a journey toward transforming financial futures. Isn’t crossing that finishing line a little bit easier if there’s someone running alongside you, cheering you on? Our coaches walk you through budgeting, planning and organizing step-by-step to help you restore control over your finances and ease the stress of student loan debt.
"Many of our clients are struggling to see if they can even make their student loan payments," said Blackwell. "We'll work one on one to assess your situation and plan a workable budget. This way, you'll feel more secure as you go down the road to paying off your student loan debt and meeting your goals."
Ready to learn more? Call us today at 1-800-249-2227 or sign up online at transformanceusa.org/studentloans for a no-obligation consultation. We’ll be glad to answer your questions and explain how our Student Loan Coaching program is the right fit for you.