Is there a scam going around for student loan forgiveness?

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. … Unfortunately, private student loan forgiveness doesn’t exist.

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Moreover, are emails about student loan forgiveness legit?

Students or borrowers who receive an email, letter or call about student loan debt forgiveness are advised to pause before sending or confirming any personal information. … Some scams offer to enroll you in programs like the “CARES Act loan forgiveness” or the “Biden forgiveness program,” which don’t exist.

Furthermore, how does the student loan scam work? If a company charges you money upfront to consolidate your federal student loans, it is a scam. These companies will take your money under the guise of a processing fee without ever consolidating your loan. You can consolidate your federal student loans for free by yourself at StudentLoans.gov.

Also, is Nslds Ed GOV real?

You can access information about your federal student loans through NSLDS, the National Student Loan Data System (www.nslds.ed.gov). NSLDS is the U.S. Department of Education’s central database for federal student loans and financial aid.

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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