Want to avoid student loan forgiveness scams? Here are some things to know: Scammers often lie and say they’re affiliated with the Department of Education.Make sure you’re working with afederal student loan servicerthat’s listed on the Department of Education’s website. (And use the co...
Back when President Biden first announced his initial student loan forgiveness plan,student loan forgiveness scamspopped up everywhere. That forgiveness plan has now been overruled by the Supreme Court. But smaller student loan forgiveness programs have been happening recently and scammers know you still...
More than 350,000 student-loan related robocalls have been placed in the last two weeks — roughly as many as in the nine prior weeks, Transaction Network Services (TNS), which analyzes calls across dozens of carrier networks to identify robocall scams, told CBS MoneyWatch. The jump in stude...
Borrowers should get their information from the Department of Education or their student loan servicer to avoid potential scams. I will continue to advocate for students and hold defrauding institutions accountable. -Attorney General Raoul To help borrowers identify scams, experts recommend being vigilan...
"Scammers know borrowers are often vulnerable and desperate, so they target them with scams promising to relieve their hardship," RoboKiller said in apost. They likely know if you have considerable loan debt — they may have gained access to your credit report illegally, so they can pull num...
Student Loan Forgiveness Scams– One of the biggest giveaways to a student loan forgiveness scam is a high-pressure sales environment. If somebody is aggressively trying to push you into a program that willerase your debt, it should be a red flag. Another huge red flag is any fees associate...
How to Avoid Student Loan Scams More Getty Images Be aware of scammers who are out to take your money. Managing student loan repayment can be complicated. If you're like most borrowers you many need help from an expert at some point, whether it's with navigating repayment plans, understand...
Student loans can be overwhelming and impact a lot of people. Student loan scams have plagued the U.S. for years. Fortunately, a little bit of caution can help avoid most student loan scams. Generally, a good rule of thumb regarding student loans is to double-check everything you are tol...
Student loan scams rising: How to protect yourself Student loan rehabilitation is a one-shot opportunity for borrowers to get federal student loans out of default. Private student loans are not eligible for rehabilitation. Rehabilitation takes longer than student loan consolidation, the other primary ...
If a company promises to negotiatestudent loan forgiveness, a student loan debt settlement, or have student loans discharged in bankruptcy on a borrower, it’s likely a scam. These scams typically involve a company or individual advising a borrower to pay a large sum to get their loandischarged...