On February 7, 2018, this company was sued by the Federal Trade Commission for practices related to their student loan debt relief operation. The United States District Court entered a Preliminary Injunction Order on November 29, 2018, and appointed a Receiver to take possession and control of American Financial Benefits Center d/b/a AFB and AF Student Services, AmeriTech Financial, and Financial Education Benefits Center. The Receiver has suspended operations and is now conducting a review of the businesses.

We recommend that you immediately contact your student loan servicer. A list of student loan servicers can be found at: For free information about repaying your federal student loans, go to

The Receiver has established a webpage with information about the lawsuit which will be periodically updated.

Applying for Your Student Loan

Once you have decided to take on a student loan, and which student loan is going to work best for you, it’s than time to apply. The application process isn’t quite as painful as some would think. So if you are ready to apply for a student loan, this is how to get started.

School Requirements

  • Students must first be able to show that they have finished high school education through a few different avenues. The first option is the traditional graduation of college with a diploma confirmation and grade transcript sent from your high school, the second is obtaining the General Education Development (GED) Certificate if you did not complete high school and the final is completion of homeschooling as mandated by state law.
  • Certain degree and certificate programs are able to achieve Federal Aid, and a student must be enrolled in one of these programs.
  • Male students between the ages of 18-25 must be registered with the Selective Service (eligibility to be drafted into the military if the need arises).
  • Stay in good academic standing with your college or university, usually dictated by Grade Point Average (GPA).


  • Students must have a valid Social Security Number unless they are from the Republic of the Marshall Islands, Federal States of Micronesia, Republic of Palau, American Samoa or Swains Island.
  • Anyone that was born in the United States or one of its territories are considered to be United States citizens.
  • Permanent residents of the United States that have obtained a green card are also eligible for student aid. These green cards are officially known as Form I-551, I-151, or 1-551C.
  • There is also a form known as the I-94, which is commonly referred to as an arrival/departure record.

Criminal History

  • Students that have a criminal history may find it more difficult to obtain financial aid since the eligible options are more limited. Those that are currently incarcerated in either a federal or state institution are not eligible for a Federal Government Loan or grant. This may also apply to county jails if the sentence has already been rendered to that student.

Economic Requirements

  • As Federal Loans are guaranteed by the government, they are easy to obtain for any student that is hoping to attend college. However, if a student defaults on one of these loans, they will not be eligible for any more until it is paid off.

Application Process

Create a Federal Student Aid PIN

To begin the process of achieving financial aid through a Federal Student Loan, a student must go to the financial aid website and create a unique Personal Identification Number (PIN). This only takes a few minutes. Once the PIN has been issued, make sure to print it out or remember the number as completing a reissue for a new PIN can take a little bit of time.

Using the FAFSA Website

Completion of the FAFSA is done entirely on the website and much be completed each year that the student is in school. There will be several questions regarding your personal and tax information, so make sure to have these readily available to ensure the process goes smoothly in one sitting.

Once you have finished the FAFSA, you will be receiving a Student Aid Report (SAR). Most of the time, this report will be e-mailed, but you can also receive a hard copy of it.
The Federal Government will then ask you to take part in Entrance Counseling, in which you need your PIN and about half an hour of your time to complete.

As is the standard with any loan, the next step in the process is the signing of the Master Promissory Note (MPN). This document is the agreement between the government and the borrower that the loan will be paid back in the pre-determined time allowed.

Minimize Your Student Debt!

Are you looking for help with your student loan debt? Please fill out the form below to have one of our counselors contact you.

If you are an existing client of AFBC, contact us at: Ph. 1-800-488-1490 or [email protected]
Monday - Saturday 8am - 5pm PST

Estimated Federal Loan Balance:

Please fill out the following to confirm prior to submission:

AFBC Client Testimonials

I am so glad I called AFBC! Everything was done online so there was no overwhelming load of paperwork to sign, and the terms were explained to me so I knew what I was signing up for. The terms are understandable, and I am very glad I called. I am sur…

Alisa O., Roanoke, VA