Student Aid Scam Calls

Look for these behaviors to spot a student debt relief scam before you hand over too much personal information. Student loan scammers have a brand-new hook.

If You Cringe When You Think About Student Loans You Re Probably Not Alone Dealing With Your Student Loans Is Student Loans Student Student Loan Forgiveness

Theyll take your money and youll never hear from them again.

Student aid scam calls. Are All Student Loan Forgiveness Calls a Scam. More often than not these student debt relief robocall scams come with recurring monthly charges to your account. When youre in a lot of debt therell be people who will try to take advantage of you.

Department of Education ED does offer some legitimate student loan forgiveness programs and ways to lower your student loan payments they are all free to apply for through your official loan servicer. Scholarship and financial aid scams often start with a social media post email or a letter in the mail. If someone says they can forgive your 150000 student loan balance for the small fee of 5000 dont believe them.

Dont fall victim to calls or social media ads requesting payment for student loan help. What are some warning signs of a student loan debt relief scam. It might look like a personalized invitation saying youve been selected for a particular scholarship or financial aid package.

May 21 2021 by Rozeena Shaheen. These fraudsters charge you thousands of dollars with a promise of lowering your student loan payments and student debt forgiveness. A lot of us have student loans and some of us have trouble paying them every month.

If they have the number they can go into the federal system and change things. In a short answer yes. The student loan scams have cost borrowers over 95 million according to the Federal Trade Commission FTC.

You are required to pay up-front fees. Legitimate student loan forgiveness companies and government agencies do not use aggressive sales tactics spammy emails constant calls from unrecognizable phone numbers junk mail sales calls threats or demands. With the technological advancements Scammers are invading internet websites using different techniques.

They will make offers and charge fees to enroll you in federal programs that were free in the first place. All government programs that provide these types of reliefs are always free of charge. Here is all you need to know about this suspicious call.

Scammers will target borrowers through online ads social media phone calls and even mail sent to your home. Be cautious some of these companies are running scams. 5 common signs it could be a student loan forgiveness scam.

If a company or other debt relief organization charges you an. The caller creates a sense of urgency Betsy Mayotte president and founder of The Institute of Student Loan Advisors TISLA says that although scam scripts may vary one thing they all have in common is that they try to rush borrowers into signing up for their services. The scammers often also try to get you to divulge your federal student aid ID number Schlesinger said.

If you have received a call or a voice mail from Alumni Assist Group consider it a scam because it isnt a legit deal. If you need student loan help call your loan service provider to see what forgiveness or assistance you qualify for. FTC continues to crack down on student loan scams.

Some companies claim to resolve that issue by saying they can help you pay them down quicker cheaper or get them forgiven altogether. Tips to protect yourself from a student loan debt relief scam If you get a call from someone offering any sort of relief program for which you havent applied Latreille says the. Whenever a scam caller offers you student loan forgiveness services but requests up-front payments for them hang up immediately.

Sometimes theres a callback number or details about an in-person workshop at a local hotel. Many unethical companies will use a student loan relief helpline to manipulate individuals struggling with their loans. January 27th 2021.

Biden student loan forgiveness or stimulus forgiveness Behind the pitch is the same old fraudster playbook one. Identify a Student Loan Scam Borrowers have reported receiving phone calls emails letters andor texts offering them relief from their federal student loans or warning them that student loan forgiveness programs would end soon.

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