New employees fresh out of college should be full of enthusiasm and ready to work. Sadly, quite a few of them are a little bit anxious and depressed. It is because of the college debt they are forced to carry. Many of them have tens of thousands of dollars in loan debt which needs to be paid. They’re also afraid of what this payment could due to their credit rating. It is not easy to start out in the business world, and it is made much harder when college debt hangs over your shoulders.
The problems are not as great as they may seem, but a young person does not have enough experience to understand that. They also rely a lot on hearsay and secondhand information. It can cause them to enter into debt payment arrangements which are not in their best interests. An employer who wants these young people to succeed in careers is willing to lend a helping hand. The best way to do this is with a financial wellness benefit program.
Learning About All the Various Options
There is more than one way to skin a cat and certainly more than one option for paying college debts. There is always the traditional loan repayment, but there’s also loan forgiveness programs and student loan consolidation. It is often the case the young graduate does not know all of the options. Countrywide Pre-Paid Legal Services wants to help a new college graduate see the light at the end of the tunnel. We have a financial wellness benefit that can bring a lot of relief to a troubled mind.
We have debt counselors available who will sit down with a plan member and go over all of the possibilities. This becomes a team effort with a counselor giving the right amount of coaching to the individual. It doesn’t take long before that heavy burden becomes easier to carry. As all of the payment options are outlined, the way out of the wilderness is plainly seen. We expect all of our counselors to give the best financial wellness advice possible. This means answering all questions honestly, and offering the kind of financial advice that produces results.
There is a twofold benefit to all of this. A financial wellness plan member is directed towards what works best when it comes to repaying the debt. The employer also has the benefit of an enthusiastic worker who is not preoccupied with debt worries. Instead, that person is working on projects and learning new skills. The help from the employer is appreciated and that can translate into a good employee staying with the company for an even longer period of time.
We Work With the Client and the Employer
No one should be asked to wait for the right kind of help. Our debt counselors respond immediately to any request for assistance. Countrywide makes it easier to respond with a streamlined administration that allows for quick and effective service. Good service by the way is a hallmark of Countrywide, and past clients have commented favorably on our people sensitive skills.
We have been providing employee benefits for 28 years and we know organizations are different. We have a number of financial wellness options available, but we understand that not all of them are what a given organization wants. The final benefit design is tailored to the expectations of the client. We work with client to develop a plan, and the service is provided immediately after everything is finalized.
College loan debt is the biggest concern anyone in their twenties. The help an employer provides is a meaningful benefit to these employers. Countrywide also has other financial wellness options to assist employees in getting their budgets and other concerns in order. We encourage interested parties to contact us with any and all questions.