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The Federal Trade Commission has announced it’s sending 27,584 checks to consumers victimized by student loan forgiveness scams—about $4.1 million in total.. The victims sent money to alleged ...
According to the report, 12% of the ads that appeared in Google searches for key terms around student loan forgiveness were scams. "Google's response was that these things aren't allowed," Tech ...
Due to the uptick in student loan forgiveness scams, the FTC has sent more than $4.1 million in refunds to borrowers who lost money to scammers. Luckily, the U.S. Department of Education has ...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
Many scams attempt to imitate government services in order to gain access to your personal and financial information. Others pretend to offer help to vulnerable individuals with solutions to their...
Also in August, the FTC shut down additional scams operations that falsely promised to reduce or eliminate student loan payments under "Biden Loan Forgiveness," even though the president’s up to ...
Scroll down to the “My Loan Servicers” section. Or call the Federal Student Aid Information Center at 1-800-433-3243. Once you’ve identified your loan servicer, visit this page at studentaid ...
• Income-contingent Repayment loan (ICR) - The lesser of the following: 20 per cent of your discretionary income or what you would pay on a repayment plan with a fixed payment over the course of ...