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Student Loan Scams / Alumni Advantages
Last post by LarryfromUtah - August 12, 2022, 05:58:25 am
A company called Alumni Advantages does exactly what its company name is called, it takes advantage of you. They are a student loan debt consolidator. Watch out for them. Received a letter in the mail for me to call them with the "Final Notice" on top. I did provide them with my student aid password but realized shortly after what I had done when they reset my password and asked for my 2FA code. I reset the password and hung up right away. I never agreed to anything or received any forms. Please file complaint to the FTC with them. Although, judging by their poorly designed website I can only imagine they create a new company name/site/address every few months.

alumniadvantages <dot> com
(8662249410)1-866-224-9410 was the number listed on the letter in the mail.
General Discussion / Re: Who Pays For Debt Foregive...
Last post by AliKat Momma - July 27, 2022, 11:09:04 am
Ultimately, taxpayers will have to pay for all the loans forgiven. Increased federal debt = increased taxes.
General Discussion / Re: Proof of Income
Last post by TheCollegeInvestor - July 19, 2022, 08:33:27 am
Typically by providing copies of your tax return.
General Discussion / Proof of Income
Last post by bell40203 - July 19, 2022, 06:43:26 am
How does a self employed person show Proof of Income to a landlord?
General Discussion / Re: Off-campus lodging expense...
Last post by TheCollegeInvestor - July 14, 2022, 07:57:43 am
The amount you use from the 529 plan for qualified room and board costs must be less than or equal to what is included in the COA. So, it looks like you're exceeding the amount of $12,760 allowed. If this is on-campus housing, you can use the full amount of the costs, but it doesn't sound like it since you said "landlord".
General Discussion / Re: Off-campus lodging expense...
Last post by gfr92y - July 13, 2022, 03:38:58 pm
Tuition & Fees$77,500
Technology Allowance$1,000
Books and Supplies$800
Loan Fees$2,966
Health Insurance$3,375
General Discussion / Off-campus lodging expenses el...
Last post by gfr92y - July 13, 2022, 03:21:54 pm
Please consider the COA presented below...

Each month, my daughter will be getting a bill from her landlord for rent, water, electricity, trash removal, and pest control. The sum of these monthly charges for the 2022/2023 academic year will be approximately $15,000. Given the COA above, can my mother pay my daughter's monthly rental charges (in the proper calendar year, of course) using disbursements from her state-sponsored 529 savings plan?


Student Loan Scams / Re: Anybody heard of Refined D...
Last post by TheCollegeInvestor - July 08, 2022, 11:01:45 am
You might find this article helpful: Is Your Student Loan Assistance Company A Scam?
Student Loan Scams / Anybody heard of Refined Docum...
Last post by trublondmom - July 08, 2022, 05:26:13 am
So, I got a call yesterday saying they wanted to see if I qualified for student loan forgiveness. I have gotten similar calls before but I was never able to talk to them at the time but I had time yesterday so decided to try and see what they had to say. First, they gathered information about me and my loan amount, then I was transferred to someone else. I ended up being transferred 3 or 4 times before reaching a woman named "Leah" who sounded very professional and not at all like a scam. She explained how much interest I would be paying at the loan stands right now and because I am unemployed at the time, told me I was eligible for a 0 dollar repayment plan after I make 4 monthly installments of 259.00 then the following payments would be zero.
I'm not sure how I so easily agreed to sign all these docusigns they sent me without being concerned. I guess it was the professionalism in which they put forth, plus I asked numerous times if they were a contractor for DEPT of Education and was told there were numerous companies that worked with DOE and they were one of them. SO, I gave them a credit card and they charged my account 259.00 yesterday! The next installment is one month away.
What started giving me red flags was after I hung up. I was told my application would take 60-90 days to process so basically 3 paymens later, I would get actual documents. I was also given a breakdown of my monthly payment once I found a job with a random salary amount, so again it sounded legit. I asked if this program was related to the Biden administration's plan and was told "no", that this program was one founded under the Obama Administration and that anything that Biden was talking about concerning dismissal of student loans, was just talk at this point! I mean, she had all the answers.
I ended up looking up the company and there were no reviews. I only discovered they are not aligned with the BBB. This company operates out of California. I read online if you think you've been scammed, the first thing is to secure your FASFA user name and ID. They had changed my password so I was successfully able to change that again. I also contacted my credit card company and was told I could file a dispute report once the charge actually hit my account which will take a few days. I emailed the person I spoke to and put in writing, I was requesting to me removed from their program. I doubt I will receive anything back from them but would like to know if there is anything else I should be doing? Has anyone else here, dealt with this company?

Thanks so much!

Ask a Question / Re: Best Loan Servicer to hand...
Last post by TheCollegeInvestor - July 04, 2022, 10:24:37 am
1. Once you apply for PSLF, your loan will transfer to MOHELA. You don't get a choice - so I would pick it just to save yourself another transfer later.

2. After you complete consolidation, you need to apply for PSLF covering all your past payments that qualify. That's it. It will take time to process.
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