The Student Loan Debt Forum | The College Investor

Student Loans => Student Loan Scams => Topic started by: TheCollegeInvestor on August 14, 2015, 07:19:35 am

Title: Checklist To Avoid Student Loan Scams
Post by: TheCollegeInvestor on August 14, 2015, 07:19:35 am
Before you go through with any type of company offering to help you with your student loans, please read through this checklist:

How To Tell If Your Company Is A Student Loan Scam (https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/)

The guide will walk you through the most common scams, the typical words and phrases they use, and more.
Title: Re: Checklist To Avoid Student Loan Scams
Post by: DebraM63 on December 30, 2015, 11:44:54 am
Where can I go to actually speak with or work with someone to get my student loans legitimately out of default and enter into a program to reduce the debt and work out affordable payments? 
Title: Re: Checklist To Avoid Student Loan Scams
Post by: TheCollegeInvestor on December 31, 2015, 12:04:48 am
Hi Debra,

If your loans are in default you have to go through student loan rehabilitation. You simply follow the steps outlined here: https://thecollegeinvestor.com/15577/how-to-get-your-student-loans-out-of-default-with-rehabilitation/
Title: Re: Checklist To Avoid Student Loan Scams
Post by: kmtaylor1987 on May 09, 2016, 10:26:01 am
Hi, quick question. Im new to the forum. I keep getting a call from a company called United Student Loan Aid. I currently took a side job to try and pay my loans off in 12 months so Im not too interested, but they wont stop calling. I just wanted to know if this company is a scam?
Title: Re: Checklist To Avoid Student Loan Scams
Post by: TheCollegeInvestor on May 09, 2016, 09:55:54 pm
Never heard of them but they are likely a document prep company that is going to charge you to fill out simple forms that you don't need if you follow the plan you are already on.
Title: Re: Checklist To Avoid Student Loan Scams
Post by: Freddy24 on January 30, 2019, 10:13:31 am
Has anyone heard of Finacial Prep Services ?
Title: Re: Checklist To Avoid Student Loan Scams
Post by: Jtruster12 on July 12, 2019, 12:44:36 pm
I spoke with a company today called Alum financial. They seem to be a legit company and the guy was very nice but I'm worried about it being a scam have you heard of this company? He told me navient is in a lawsuit and that why I'm eligible for forgiveness. I would really love for my loans to be forgave but I'm so scared of all these companies contacting me being scams.
Title: Re: Checklist To Avoid Student Loan Scams
Post by: TheCollegeInvestor on July 13, 2019, 03:52:45 pm
We don't make opinions on third party companies. We recommend that you read this article and make an informed decision before working with a third party company that charges you for assistance, especially given that you can do everything with your Federal loans for free: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/

Speaking specifically to the Navient lawsuit, that doesn't involve you or any borrowers. Multiple state attorneys' general and the CFPB are suing Navient over their practices. If/when the case is over, there isn't going to be any forgiveness - just changes to their practices and likely some type of fine. And this will likely take years to resolve.
Title: IBRP after death and relatives responsibilty
Post by: Oldgold70 on July 14, 2019, 07:24:29 am
I'm in a IBRP for 5 years now and am 70. Recently my health took a downward turn and I'm concerned about my daughters responsibility should I die. These were parent plus loans.
Does the IRS send relatives
a 1099-C when the loan is discharged?
Title: Re: Checklist To Avoid Student Loan Scams
Post by: TheCollegeInvestor on July 14, 2019, 08:27:38 am
Here's what you need to know (it depends on your loan type): https://thecollegeinvestor.com/9675/student-loans-die/