Many companies claim to offer assistance with “student loan forgiveness” to set you up to rip you off!
If you see an ad on the internet/social media or receive a phone call, watch for these scam red flags:
Be very cautious if they are not the current federal servicer of your student loans. If they claim to be with your servicer, be skeptical. It is best to call your servicer directly and you can find those numbers here.
If the person you speak with tries to pressure you into paying up front or uses scare tactics to try and get you to pay by phone, don’t do it. Contact your servicer by phone to get the true status on your account.
If the person you are speaking with requires you to pay any fees to consolidate your loans don’t do it. Your federal student loan servicer does not charge a fee to help you qualify and apply for loan forgiveness.