Website to apply for student loan debt forgiveness goes live
The website to apply to have student loan debt forgiven went live Friday night.
SPRINGFIELD, Ill. – Illinois Attorney General Kwame Raoul is warning student loan borrowers of scammers pretending to be debt relief and debt consolidation companies in order to steal personal information and money.
Borrowers should be cautious of unsolicited phone calls, letters in the mail, emails, text or social media messages from entities offering student loan debt relief.
Borrowers should expect to receive reliable guidance from their personal loan servicer or by going through the Department of Education.
“The last thing any student loan borrower needs when attempting to address their student loan debt is to become a victim of student loan repayment scams,” said Raoul. “Instead, borrowers should get their information from the Department of Education or their student loan servicer, so they do not put themselves at risk of potential scams.”
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The following are red flags that may be indicative of a scam:
- You are asked to sign a power of attorney form, a third-party authorization form, or you are asked to provide a Federal Student Aid identification (FSA ID) number. Power of attorney and third-party authorization forms allow the scammer to communicate directly with your student loan servicer and make decisions on your behalf. Neither the Department of Education nor a loan servicer will ask for…
