How to Avoid Student Loan Forgiveness Scams

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Student Loan Debt Forgiveness: Real, or a Scam?

Each has a different name. They will take a percentage later on. Others may actually move your loans to a private lender with a higher interest rate. You can also seek loan cancellation if you can prove your school committed fraud by misrepresenting its services to you. For more, see Student Loan Debt:

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8 rows · Mar 11,  · These Obama student loan forgiveness scams just charge you a bundle to fill out some government paperwork. But you can easily find, fill out and file these student loan forms yourself — for free. Unfortunately, some student loan borrowers have already fallen for such a trick. “Obama Student Loan Forgiveness” is a nickname for the William D. Ford Direct Loan program. The name came about when President Obama reformed part of the Direct Loan program in by signing the Health Care and Education Reconciliation Act of Student loan debt is a serious and growing problem in this country. The Consumer Financial Protection Bureau (CFPB) estimates that outstanding student loan debt is approaching $ trillion.

1. Contact your student loan servicer.

What is student loan forgiveness?

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