One of the saddest things in the world is that there exist people who take advantage of others. Scammers, con artists, swindlers, whatever people want to call them, they are a stain on the planet. Even students and parents applying for student loans are not immune to these scammers. Here are a few ways of identifying student loan scams so people can warn others.
 |
| Image source: vozactual.com |
Pay schemes
When people are asked to pay upfront, or they’re informed of monthly fees to get help, it’s most likely a scam. Anything people can do on their own, companies shouldn’t charge for it. In connection to this, people have to know that it is illegal for companies that offer to help pay student loans to collect fees via telephone before settling, or at least lowering a customer’s loans.
Loan forgiveness
Let’s get one thing straight – there is no such thing as “immediate loan forgiveness.” There are a number of reputable loan forgiveness programs out there, but all of them eliminate federal student loans after some time. Loan forgiveness programs can take from as “short” as 10 years to as long as 25. There are repayment estimators to help loan holders calculate their monthly payment and estimate how long they’ll be paying.
 |
| Image source: mbmsriptidereader.com |
Performance SLC helps its clients through the student loan payment process. Visit this website for more information.
No comments:
Post a Comment