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.
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.
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]
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.
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.
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.
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.
The local number in Washington, D.C. is 202-453-6100. Federal Relay Service. Email: [email protected]
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.
|FedLoan Servicing (PHEAA)||1-800-699-2908|
|Granite State – GSMR||1-888-556-0022|
|Great Lakes Educational Loan Services, Inc.||1-800-236-4300|
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.