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Student loan forgiveness calls, emails, or text messages setting off your scam sensors? Read on to learn how to identify and avoid student loan forgiveness scams and find out what you should do if you think you’ve been scammed.
Apr 16, 2024 · Hearing a lot about federal student loan forgiveness in the news? You’re not alone — scammers are, too. You might get a call from someone saying they’re affiliated with Federal Student Aid (FSA) or the Department of Education.
Sep 14, 2023 · Consumer Education Specialist, FTC. September 14, 2023. Image. You’ve probably heard the news — federal student loan repayments are starting again in October. But scammers might try and tell you they can help you avoid repayment, lower your payments, or get your loans forgiven — for a price. Here’s how to spot and avoid these scams.
Jul 23, 2024 · If you’ve spotted a student loan forgiveness scam (whether or not you’ve lost money), report it to BBB.org/ScamTracker. Your report can help others avoid falling victim to scams. Your...
Dec 15, 2021 · If you get a call, text, e-mail, or message on social media from someone about your federal student loan, here are some things to keep in mind: Never pay an upfront fee. It’s illegal for companies to charge you before they help you. If you pay up front to reduce or get rid of your student loan debt, you might not get any help — or your ...
Mar 13, 2024 · The Federal Trade Commission is sending more than $4.1 million in refunds to people who lost money to student loan debt relief scammers who lured consumers with fake loan forgiveness claims and pocketed their money.
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Jun 14, 2023 · The Federal Trade Commission is sending payments totaling more than $3.3 million to consumers who were harmed by Arete Financial Group, a student loan debt relief operation that tricked consumers into making illegal upfront payments by pretending to be affiliated with the U.S. Department of Education and falsely promising student loan debt relief.
