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According to Forbes and anti-spam/scam platform RoboKiller, Americans lost $5 billion to student loan fraud in 2022. Borrowers received 700 million student-loan-related robocalls every month last ...
The FSA recommends that you contact your loan servicer if you have any questions as this will help you decide whether one of these plans is right for you. ... How to avoid student loan scams ...
Scammers use multiple modes of communication to reach borrowers, including social media, text messages, emails and phone calls. Scammers often pose as government representatives or have look-alike ...
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Luckily, the U.S. Department of Education has provided borrowers with the following Do’s and Don’ts as they apply for student loan debt relief. DO create an FSA ID at StudentAid.gov .
The organization also calls for the removal of exemptions given uniquely to the student loan industry from Fair Debt Collection Practices Act, the Truth in Lending Act, and state usury laws. [1] StudentLoanJustice.org has 16,080 members in its Facebook group [ 2 ] and additional members in its various mailers and lists.
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