Graduates With Student Loans Falling Victim To Scams

Graduates With Student Loans Falling Victim To Scams



is the average college graduate leave school with more than $30,000 in student loan debt CBS 2's Kenneth Craig tells us the effort to get them paid off as many falling victim to scams many of this year's college graduates now face the challenge of paying off thousands of dollars in student loans and that has con artists and dishonest companies trying to take advantage I'm calling in reference to your federal student loan I need to discuss your repayment options with some new changes that have taken effect recently so the Better Business Bureau says there is an uptick in student loan scams right now people families are being contacted by text by voicemail by email and they are given this amazing opportunity seemingly we can get rid of your student loan debt CBS News business analyst Jill Schlesinger says many of these offers charge a fee then never deliver anyone who asks for money up front that's your red flag along with upfront fees other red flags include promises for loan forgiveness requests for personal data or demands you act now it's also important not to share your FSA account ID the ID number is really important because they can go into the federal student loan database and get the details about your loan students who want to try and consolidate their federal loans can visit the government site studentaid.gov now you may be able to consolidate them do an income based repayment plan options that could help you better manage paying off those loans Kenneth Craig CBS News New York if you think you've been scammed you can file a complaint with the Federal Trade Commission

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