Don’t Be Fooled: You Never Have to Pay for Student Loan Help
The Department of Education just released some really great information about student loan repayment options—and don’t forget it’s all free! From the Department:
“Some companies act unethically or illegally to get your business—misrepresenting themselves as having a relationship with the Department of Education by using our logos, violating students’ privacy by inappropriately using their FSA IDs, and claiming that government programs are their own. In fact, yesterday, the Department sent two of these companies cease and desist letters because they have inappropriately used our logo, giving the impression that they are working with or for the government.”
This first appeared on medium.com
By: Ted Mitchell, Under Secretary of Education
I’ve seen online ads claiming that “Obama Wants to Forgive Your Student Loans!” or “Erase Default Statuses in 4–6 Weeks!” The link takes you to companies that want to help you manage your loans — for a fee. You never need to pay for help with your student loans. For the great price of free, the U.S. Department of Education can help you:
- Lower Monthly Payments;
- Consolidate Federal Student Loans;
- Check on Loan Forgiveness; and
- Get Out of Default
Your loan servicer — the company that collects your payments on behalf of the Department of Education can also help you with these goals for free. If you need help with your debt, you should contact your servicer. Click here for a list of servicers’ contact information.
And you should — because you never need to pay for these services.
Read the full post on medium.com.
Posted on 29 January 2016