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Student loan forgiveness possible scam

Started by Snomalley, November 17, 2015, 09:48:44 am

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Snomalley

Hi I have just recently started using strategic student solutions and they have told me that I qualified for a loan forgiveness program. I am paying 267 for the first three months and 50 a month after that for three years and they say that I will be done paying my loan after that. Does anyone know if this is a scam or not. Any help would be greatly appreciated!

TheCollegeInvestor

If they complete the work for you, it's not a scam. But you're paying them $800 to process some paperwork that you could have done for free on StudentLoans.gov. That $800 would have been better spent paying down your debt.

You can see the difference between scams and simply not needing to pay for it here: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/