Are the federal student loan forgiveness calls real?

A scammer might assure you immediate student loan relief through loan forgiveness programs — as long as you pay them a fee to qualify. While there are federal student loan forgiveness programs available, none of them provide immediate relief.

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Simply so, do student loan forgiveness people call you?

Many experts assure that legitimate loan services will never call or text a borrower out of the blue, so that’s one easy way to recognize a scam when you see one.

Correspondingly, do student loans go away after 7 years? Student loans don’t go away after 7 years. There is no program for loan forgiveness or loan cancellation after 7 years. However, if it’s been more than 7.5 years since you made a payment on your student loan debt and you default, the debt and the missed payments can be removed from your credit report.

Similarly one may ask, do you have to pay back federal student aid?

FAFSA is not the financial aid itself, so you do not have to pay it back. … Federal student aid that is awarded based on the FAFSA includes the Federal Pell Grant, Federal Work-Study and federal student loans. The FAFSA is also used to award state grants and institutional grants from colleges and universities.

How do I contact the Department of Education student loans?

If you are not sure which service center to call, contact the Federal Student Aid Information Center at 1-800-433-3243 or by email at [email protected]

How do I report a scammer?

The Federal Trade Commission (FTC) is the main agency that collects scam reports. Report your scam online with the FTC complaint assistant, or by phone at 1-877-382-4357 (9:00 AM – 8:00 PM, ET). The FTC accepts complaints about most scams, including these popular ones: Phone calls.

How many days after missing a student loan payment do your loans go into default?

270 days

Is nelnet a federal loan?

Nelnet is a federal student loan servicer working on behalf of the U.S. Department of Education, the government agency that lends you or your child student loans.

Is the student loan forgiveness legit?

There are legitimate government programs, such as Public Service Loan Forgiveness, that can reduce or eliminate federal student loans after a certain amount of time. … Borrowers on income-driven repayment plans can get their remaining loans forgiven after they make payments for 20 or 25 years, depending on the plan.

What are the 3 types of federal financial aid?

Federal Student Aid offers three types of financial aid. Grants: Financial aid that generally doesn’t have to be repaid.

  • lower fixed interest rates,
  • flexible repayment options, and.
  • many benefits that you won’t find elsewhere.

What is the phone number to the Department of Education?

The local number in Washington, D.C. is 202-453-6100. Federal Relay Service. Email: [email protected]

What is the student loan forgiveness Center?

The PSLF Program was established to encourage individuals to work in public service by forgiving the remaining balance of their Direct Loans after they have made 120 qualifying payments while employed by a qualifying employer.

Who do I contact about federal student loans?

1-800-433-3243

Loan Servicer Contact
FedLoan Servicing (PHEAA) 1-800-699-2908
Granite State – GSMR 1-888-556-0022
Great Lakes Educational Loan Services, Inc. 1-800-236-4300
HESC/Edfinancial 1-855-337-6884

Why do I keep getting phone calls about student loans?

Many borrowers receive a call from an unknown number with a promise to help them repay their student loans. You only need to provide some personal information and pay an upfront fee. … Many debt relief companies charge a fee when providing services that you can do yourself for free by contacting your loan servicer.

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