Are the student loan forgiveness calls real?

Listen to a scam call Some calls even sound like they’re coming directly from the government. Like this one: “This message is from the Department of Education. All programs for student loan forgiveness will be stopped immediately.

What is a student loan group?

For almost a decade, The Student Loan Help Group has been helping borrowers understand their student loan repayment and forgiveness options. With the nation’s top team of counselors and processors, borrowers can find the forgiveness they deserve and see themselves debt-free faster.

Are emails about student loan forgiveness legit?

If you get an email, letter or call about student loan debt forgiveness, pause before you send along any of your personal information. It could be a scam.

Why am I getting emails about student loans?

If you’ve been getting emails, phone messages, or texts about how to qualify for student loan forgiveness, you’ve likely been the target of a scam. No, these scams aren’t new, but they’ve picked up steam during the Department of Education’s Covid-relief pause on student loan interest and payments.

How do I know if my student loan forgiveness is legit?

Here are some signs to help you identify a scam by a student loan debt relief company:

  1. They require you to pay up-front or monthly fees for help.
  2. They promise immediate and total loan forgiveness or cancellation.
  3. They ask for your FSA ID username and password.

What is a loan group?

September 24th, 2018|Loans. Group lending is a unique financial service for low-income entrepreneurs. To obtain such a loan it is necessary to form a group of three or more individuals who run businesses that earn income and have been active for at least three months.

Why am I getting calls about student loans when I don’t have any?

Scammers may promise student loan forgiveness or to reduce your overall loan debt, but first they’ll get your personal information and collect an upfront fee. Some of these calls have accelerated in recent months due to the federal moratorium on student loan collection.