The Student Loan Crisis is Real!

The Student Loan Crisis is Real!

This is a story of a lifetime dream turning into a nightmare. The student loan crisis is not an exaggeration or hyperbole: it is a fact. The Wall Street Journal reports the graduating class of 2016 has an average loan debt of $37,172 per student borrower. This is a figure that is greater than the year before, and there is no indication of a decrease. Tuition and fees are rising, and the ability to pay is becoming more difficult. The debt load for many recent graduates is comparable to a house mortgage. That the obligations can determine where a new graduate will apply for a job.

Millennials are highly talented and creative people. They’re also highly educated and spent considerable time in school earning their credentials. They face the problem of student debt and how to pay for the education they receive. It is the kind of stress that nobody should have to deal with on entering the workforce. Pressure over payment can distract from projects at hand. While these will be completed on deadline, the quality would be enhanced if the worries were reduced. Countrywide Pre-Paid Legal Services has a solution that organizations can consider.

We have a financial wellness plan that includes student loan counseling. We can match a plan member with a Certified Student Loan Counselor. Our nationwide network assures that such a professional will be close at hand, and easy to contact. The counselor is going to be able to sit down with a plan member and discuss the various options for paying the student loans.

Working with the counselor, a plan member can discover that there are means of paying off the debts. These different alternatives do not require living a life of enforced frugality. A review of a plan member's current expenses and existing college debt will allow the counselor to come up with a plan of action. The result is that what was once a confusing nightmare is made very sensible. Plan members are encouraged to ask as many questions as necessary. Our counselors provide the empathy and courtesy they need.

That human touch is as important as the professional advice. Millennials do not need a lecture; they need help. Any client can expect to have employees treated as adults and service rendered promptly. Countrywide has a commitment to helping a college graduate see the light at the end of any college loan tunnel. The consequence is a college graduate less pressured by outside problems and better able to contribute to corporate goals.

Countrywide works with the client. We streamline our administration to enable people to get service correctly and efficiently. An overall financial wellness program from Countrywide includes choice. A client may determine what benefit options will be in the entire package. Any company that has large millennials demographics will probably want to include student loan counseling in the package. The primary reason is the concern for young employees. This is the kind of sensitivity that does not go unnoticed by the employee.

Student loan counseling benefits allow a young person to know that his or her employer cares. It shows a level of commitment to the financial well-being of a person that goes beyond wages. The assistance is not forgotten. Helping a person find a way out of the college debt nightmare grows loyalty in the ranks. It is a reason for staying with an employer and producing high-quality results in every project. The commitment shown to an employee over such a highly personal matter makes this individual proud to be a member of the team.

We would like to explain a little more about the student loan counseling option in the financial wellness program as a whole. We believe that any organization is going to find benefits of the program that substantially helps employees. We encourage decision-makers to contact us to learn more about what Countrywide can do.

Client Reviews
The legal plan has been a great resource and they commonly align the practice area with the best of the best. I have used this in multiple states and locations for a range of services and have saved 10x program costs. I highly recommend this service and is a great benefit MTM provides us. T. Lucas
I have been able to personally recommend this to a number of our people base on the excellent service and quality advice that I have received over the last two years. I have been able to have a new will drawn up, have received advice and review of real estate contracts both in New Jersey and Florida, and have had occasion, unfortunately, to seek advice on criminal charges filed against one of my teenagers. We were delighted when the charges were dropped, the direct result of the representation of the lawyer I immediately contacted from Countrywide. I will continue to recommend Countrywide based on my personal experience as well as the feedback that I have received from our employees. P. Daniels HR Director
We have offered Countrywide Pre-Paid Legal Services to our employees since 2007. At the time, we were looking for a unique, low cost benefit offering for our employees. I had heard about pre-paid legal services, but must admit, I didn’t think our employees would get much bang for their buck. I was wrong, I was stunned at how many employees actually enrolled in the plan during that first year. Our enrollment continues to be strong and employees rave about the benefit year after year. The plan is simple to administer and Countrywide handle everything in an organized, professional manner. It’s been a very well-received benefit for our employees. J. Magrowski, VP Human Resources
I am very pleased to recommend Countrywide Pre-Paid Legal Services as your legal plan provider. Our benefits philosophy is to attract, motivate, reward and retain the best employees and Countrywide complimented our total rewards package. The set up and rollout of this plan was well organized and quite easy to administer. Countrywide has been easy to work with, has attended our benefit fairs, group meetings and provides us with all communication pieces for open enrollment. J. Kilpatrick Benefits Manager
We made a decision to offer Countrywide Pre-Paid Legal Services as a voluntary benefit to our full-time employees. The benefit was well-received by employees and enrollment has been consistently high. The plan is easy to administer and fully paid at the employee level. Countrywide attends all of our employee fairs, gives an excellent presentation to our employees and they are timely and responsive to our request for information. From an HR perspective, I can highly recommend this service to any company looking to enhance their employee benefits package with quality choices while keeping costs manageable. S. Phillips, VP, Human Resources
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