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Here are a few ways to spot a scam: - Being asked for log-in information: the FSA and loan providers will never ask you for these details. - Promises that are too good to be true: according to the ...
Overall, his entities bilked borrowers out of $28 million. Also in August, the FTC shut down additional scams operations that falsely promised to reduce or eliminate student loan payments under ...
"Hey, it's Elizabeth with Student Advisors," a warm, professional voice began in a voicemail left on Sept. 13, weeks after the Biden administration announced it would be offering up to $20,000 in ...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
The Federal Trade Commission has announced it’s sending 27,584 checks to consumers victimized by student loan forgiveness scams—about $4.1 million in total.
In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...
Despite these scams, student loan forgiveness is offered by the DOE for certain individuals. More information can be found on the department website. How scammers try to con student loan borrowers.
Nelnet. Nelnet, Inc., is a United States–based conglomerate that primary focused on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and owns Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.