Payne: Free Advice Available On Paying Down Student Loan Debt

According to Payne, meeting with professionals provides Hoosiers opportunities to receive recommendations.

(Indianapolis, Ind.) - Hoosiers working to pay down their student loans can receive free financial help to tackle their debt, according to State Rep. Zach Payne (R-Charlestown).

Payne 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 take out loans to help pay for their college education, but then may not know how to manage that debt or understand repayment options," Payne said. "This free tool connects borrowers with professionals, for free, so they can work on solutions together."

According to Payne, 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.