This new breed of fraudsters commonly promise student debt forgiveness and lower payments. They often demand upfront fees of thousands of dollars, which is illegal, for this "service." So far, these charges have cost student loan borrowers more than
“When there’s a lot of debt, there will be people who try to take advantage of people who have that debt and are overwhelmed by it,” said Brianna McGurran, a student loan expert for personal finance website NerdWallet. Never respond to requests to share your federal student ID, except from your servicer or the government, said Mark Kantrowitz, the publisher of SavingforCollege.com. Also, he said, be wary of any promises of "immediate" cancellation of your student debt.
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