How to Avoid Student Debt Relief Scams

If you’ve seen or heard ads around federal student loans that seem to good to be true, they probably are. Many of these debt relief companies are charging exorbitant fees for these services. Remember if they’re saying they can cancel your loans or reduce your loans but only for a cost, that is never the case. You can always work directly with the Department of Education. With the Department, it is always free to figure out whether you can cap your monthly payments, consolidate loans, or get forgiveness for your loans as well. To learn more about lots of different ways you can get free assistance, visit StudentLoans.gov.

Read more about avoiding student debt relief scams with our blog post from the Consumer Financial Protection Bureau as well.