PROTECT YOURSELF AGAINST SCAMS INVOLVING STUDENT LOAN DEBT RELIEF
YOU ARE YOUR BEST PROTECTION AGAINST SCAMPER
DO NOT DO IT pay anyone who contacts you with promises of debt relief or loan forgiveness. YOU DO NOT NEED TO PAY ANYONE TO GET A DEBT ALLEGATION. The app will be free and easy to use when it opens in October.
DO NOT DO IT reveal your FSA ID or account information or password to anyone who contacts you. The Department of Education and your federal student loan officer will never call or email you asking for this information.
DO NOT DO IT never gave personal or financial information to an unknown caller. If in doubt, hang up and call your student loan officer directly. You can find contact information for your federal student loan officer at studentaid.gov/manage-loans/repayment/servicers.
DO NOT DO IT refinance your federal student loans unless you know the risks. If you refinance federal student loans eligible for debt relief to a private loan, you will lose important benefits like one-time debt relief and flexible repayment plans for federal loans.
MAKE Register to www.ed.gov/subscriptions be notified when the application for student loan debt relief becomes available.
MAKE create an FSA ID on StudentAid.gov. You won’t need it to apply for debt relief, but having an FSA ID can give you easy access to accurate information about your loan and ensure that the FSA can contact you directly. , helping to protect you from scammers trying to contact you. Log in to your current account on StudentAid.gov and keep your contact information up to date. If you need help logging in, follow these tips for accessing your account.
MAKE make sure your loan manager has your most up-to-date contact information. If you don’t know who your repairer is, you can log in to StudentAid.gov and view your service(s) in your account.
MAKE Report scammers to the Federal Trade Commission by visiting reportfraud.ftc.gov.