The Student Loan Scam |
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Don’t Get Scammed! Document preparation and debt relief companies may charge fees to consolidate loans, complete paperwork, lower your payment and provide loan forgiveness. Federal student loan servicers are available to assist you for FREE. Arm yourself with information and protect yourself from unnecessary costs and headaches. Need More Info? The Scam Companies known as debt relief, document preparation or consolidation preparers charge fees for their services. They may compare themselves to a tax preparer and try to convince you that student loans are too complex for you to manage independently. 01/02/2009 · Though "The Student Loan Scam" smacks of bitterness, it's not hard to see why if even half of the information within is true. Written mostly with an eye on student loan borrowers who have defaulted, it's still pertinent information for anyone who has or is considering loans for education. 2 Student Loan Consolidation Scam. How it looks: A student loan company promises to consolidate your student loans and lower your monthly payments. And they say they’d do it for a fee. The Truth: The only official form of student loan consolidation is with the federal government. Check outor call 1-800-557-7394.

Student Loan Forgiveness Scam. If anyone says they can arrange forgiveness of your student loan, they are lying. Student loan debt can only get canceled under exceptional circumstances. Even if you meet the criteria for loan forgiveness, no one can organize it on your behalf. With $1.3 trillion in outstanding loan debt, it’s safe to say that student loans are a big business and growing. Sadly, so are the scams. Student Loan Scams to Avoid. The Consumer Finance Protection Bureau CFPB, started by Elizabeth Warren, has issued multiple warnings about what to look out for when it getting help with your student loans. The Student Loan Scam takes an unflinching look at this unprecedented and pressing problem, while exposing the powerful organizations and individuals who caused it to happen. Ultimately, Collinge argues for the return of standard consumer protections for student loans, among other pragmatic solutions, in this clarion call for social action.

12/04/2019 · My experience in getting out of the debt pit of student loans.

16/05/2019 · Scam 3: Student Loan Forgiveness. How It Works: A student loan debt company says they can forgive your student loans. The Catch: They charge you a fee. What To Do: No third party student loan debt company will "forgive" your student loans. Don't pay an upfront fee for student loan.
22/11/2016 · A phone number posted on a "consumer watchdog" site belongs to a college loan servicer. In 2016, the U.S. Department of Education said that more than 300,000 Americans could be eligible for student loan forgiveness due to disability. But that key bit of information is absent from a “breaking news.

23/12/2019 · I was recently contacted by The Student Loan Advisory, they found a great repayment plan for me so naturally I gave them information, I am relatively new to this so I jumped on the opportunity. Now I am concerned that this is a scam, has anyone here worked with The Student Loan Advisory or know if this a scam?

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