Beware of “Student Loan Forgiveness” Programs

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 Read More

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:

  1. 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.

  2. 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.

  3. 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.

Our website Champion Empowerment Institute includes student loan troubleshooting for FREE with your subscription while the scammers often ask for thousands of dollars and you never see any loan forgiveness.  If you attend a school serviced by Champion College Services we will also assist you for free.

Please, read the Nerd Wallet Student Loan Watch List to review a current list of questionable companies.


Student Loan Disaster Relief

September 15, 2017 From the Federal Student Aid Office  If you are a student or a federal student loan borrower who has been impacted by a federally declared natural disaster, we can help answer your questions.   We are committed to assisting students enrolled in college or career school and federal student loan borrowers who Read More

How to Pay Off Debt Quickly

Recently, a third-party debt relief company, claiming to be the Department of Education, has been leaving voicemail messages for student borrowers claiming that they must act immediately to qualify for student loan forgiveness before the program is eliminated. A transcript of the voicemail follows

From Inside Higher Ed

Student Debt Crisis. Inside Higher Ed is a trusted news source.  We want to share the link to an important article about the latest on efforts by Student Debt Crisis to stop debt relief companies from charging students for services they could be getting for free from the federal government. Advocacy Group Puts Spotlight on Debt Relief Read More

Reporting 2015 Student Loan Interest

Read the Announcement 1-19-2016 FROM IFAP—As tax time approaches, we want to share general information with the financial aid community about our reporting of student loan interest payments. If a borrower made federal student loan payments in 2015, the borrower may be eligible to deduct a portion of the interest paid on the borrower’s 2015 Read More