How to Spot Student Loan Forgiveness Scams | The Simple Dollar


After completing college, you may feel overburdened by your student loan costs, but don’t fall victim to student loan forgiveness scams that offer false promises of easy debt relief.

That’s not to say there’s no such thing as student loan forgiveness — federal loans really can be forgiven under certain conditions. But debt relief companies know that millions more people are struggling to repay student loans and, in response, they’ve set up programs that offer to help reduce your debt — for a fee.

Often they offer services that you could perform yourself at no cost. According to the U.S. Department of Education, such companies solicit business through mail, mobile phone ads, social media, and direct phone calls.

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