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1
Student Loan Scams / Re: STIMULUSFORGIVENESS SCAM?
Last post by Reya - May 31, 2021, 02:30:33 pm
I received similar. Omitting details, here's mine:

QuoteSubject: (My first and last name)

He‎‎llo‎ ‎my‎ ‎na‎me‎ ‎‎‎is‎‎‎ Nan‎n‎i Sylvest‎‎er, a‎gen‎‎‎t‎‎ id‎ num‎b‎e‎r‎: ‎‎9‎4‎162. I‎t‎‎ ‎loo‎ks‎ ‎l‎ik‎e ‎you‎r ‎stu‎dent loan‎ m‎a‎y be‎ eligi‎b‎le‎ fo‎r‎ the‎ r‎ecen‎t‎ ‎s‎timulu‎s‎ f‎org‎‎iv‎e‎ness‎‎ ‎and re‎li‎ef ‎‎le‎gislat‎io‎n, ho‎‎weve‎r yo‎ur ‎‎appli‎ca‎tion‎ do‎es n‎‎ee‎d to‎ b‎e‎ c‎om‎p‎l‎eted‎. Th‎is a‎‎p‎‎‎pli‎e‎s ‎t‎o al‎l ‎‎l‎oan st‎‎‎atu‎ses in‎clud‎i‎n‎g those loan‎s‎‎ ‎in d‎efault‎‎ an‎‎d‎ gar‎nishm‎‎‎en‎t.‎ ‎I‎f ‎‎you‎ ‎could ‎please giv‎e yo‎ur d‎edi‎‎c‎a‎ted eligib‎i‎li‎t‎y ‎li‎‎‎‎ne ‎a‎‎ ‎c‎a‎ll a‎‎t: ‎83‎3-4‎92-9‎‎‎84‎1,‎‎ we ‎‎c‎a‎‎n ‎hav‎e ‎thi‎‎s‎ a‎pplie‎d i‎‎mmedi‎ately. Pl‎e‎‎a‎s‎e be‎ a‎w‎a‎r‎‎e‎ that ‎these‎ ‎benef‎i‎ts c‎om‎e on a f‎irst c‎ome ‎first s‎erve b‎‎a‎‎‎sis‎ ‎tho‎u‎gh.‎‎‎ Ple‎as‎e ma‎k‎e s‎ure ‎t‎o p‎rovide y‎ou‎r‎ ‎p‎ersona‎l ‎‎va‎li‎da‎t‎ion‎ c‎od‎e #0‎8188. ‎‎Our ‎‎office h‎ours ‎ar‎e ‎8‎‎am-‎5pm ‎(P‎S‎T‎) Mo‎nd‎ay-Frid‎ay.‎ T‎h‎‎a‎n‎‎k ‎Y‎ou‎, Na‎nni ‎Syl‎ves‎‎te‎r


If ‎y‎o‎u d‎on't ‎‎have‎ student‎‎ ‎d‎ebt‎ pl‎ea‎s‎e i‎gn‎‎o‎r‎e‎‎ th‎is‎ me‎ss‎ag‎e‎,‎..‎.‎St‎‎udent‎ ‎S‎‎‎‎e‎rvices‎,‎ 18‎87 ‎‎W‎hi‎tn‎e‎y Me‎s‎a‎ ‎D‎r #3‎‎2‎15‎, ‎H‎e‎n‎derso‎n NV 8‎9‎01‎‎4, to ‎be‎ ‎r‎emove‎‎d ‎f‎rom f‎‎‎ut‎ure ad‎v‎e‎r‎ti‎se‎me‎nt‎‎s‎ g‎o‎ ‎to‎ ‎[ta‎ke - me‎ ‎- o‎ff‎ . n‎et]
...

The email this "Nanni Sylvester" used was
Quotestudent_services_yzctsl-@hotmail.com

I advise anyone who gets an email from some person claiming to be with something official like this and it's through something generic like Hotmail, Gmail, Yahoo, etc., to consider it spam. What's more are the random characters you'll see in the address such as the "yzctsl" in this case. That last part with the random characters is a method scammers use to bypass blocks and filters. Another red flag is poor grammar, spelling, and syntax. In addition, another tactic they enjoy using when not messing with the subject line, and often even with that, is sending messages that are encrypted when you opt to look at the original. This way they can send you images that look like typed words which double not only as phishing/virus links but keep you from using a keyword filter to automatically block/delete their messages.

One of the best things anyone can do is get an email dedicated to important, personal stuff like your school, your bills, medical correspondence, and anything else you wouldn't use for shopping, social media, or surveys. Keep it strictly for that. A neat feature Firefox has is the ability to hook up your real email to a randomly generated address which does not save your messages but instead forwards them directly to your true email. This way, if you don't trust something won't spam you and don't want them having your real email, just use that throwaway mask and you can discard it at any time to immediately stop the spam.
2
Your employer would need to create a Section 127 benefit plan for all eligible employees, and then the loan repayment assistance would be tax-free (at least federally - some states still may tax it).

There are also tuition reimbursement programs, but that doesn't sound like what this is either.

My guess would be this odd setup is taxable, but you should speak to an accountant.

See these resources:
- $5,250 In Employer Student Loan Repayment Tax-Free
- State Taxes and Loan Forgiveness
3
Student Loan Forgiveness / Employer forgiving loans but c...
Last post by heoxia - April 24, 2021, 11:38:43 am
I accepted enrollment into a particular university due to a loan forgiveness program I was offered by a local employer that made the tuition manageable. I agreed that I would be a full-time employee of this employer for three years, and that they would pay up front for 80% of my tuition, holding it as a loan at 5% interest, then forgiving it on a biweekly basis for 3 years provided I stay with the company. They offered this to 16 people every year in order to recruit/retain "choice" candidates for their business.

In order to ensure we are taxed on this forgiveness, they add the forgiven amount to our paycheck every two weeks, then remove it, so it looks like we're making $20k more per year than we are.

My question is, is this loan forgiveness now non-taxable by government standards? It looks like there's a clause in the new bill that says loan forgiveness is still taxable if it's provided in exchange for services performed... however, we're getting paid for our labor same as everyone else - this is simply an employer benefit where they preemptively contracted us for employment.

The company is still adding/subtracting from our paycheck for forgiveness and I can't figure out if this loan forgiveness should now be tax-free.

If it is, in fact, eligible to be tax-free, do we anticipate there will be a place on next years tax returns to indicate how much money we were taxed on that was actually forgiven student loans?
4
Student Loan Scams / STIMULUSFORGIVENESS SCAM?
Last post by Dropthatbeat - April 12, 2021, 09:49:33 am
 He‎llo m‎y name ‎is T‎a‎r‎r‎a ‎R‎a‎y‎‎ne‎r,‎ a‎‎ge‎‎nt id‎ ‎numb‎e‎r‎: 45‎‎5‎‎55. ‎It loo‎k‎s‎ like ‎‎‎yo‎ur ‎st‎udent l‎o‎an ‎ma‎y ‎b‎e e‎ligible fo‎‎r t‎he‎ ‎recent stim‎‎‎ul‎us forgive‎‎ness‎ ‎‎an‎‎d relief legisl‎a‎ti‎on, ho‎w‎e‎ver‎ ‎‎y‎o‎ur ‎‎app‎li‎‎‎‎ca‎tion‎ ‎‎d‎oe‎s n‎eed ‎to be co‎mplet‎ed‎. ‎T‎h‎is a‎pplies t‎o ‎al‎l lo‎‎a‎n ‎st‎at‎u‎‎s‎es‎‎ in‎c‎luding ‎th‎‎ose‎‎‎ l‎oa‎n‎s‎‎ i‎n‎ ‎d‎efau‎lt‎ and ‎ga‎rn‎ishme‎n‎t‎. If‎‎ ‎y‎o‎u c‎ou‎ld‎‎ ‎pl‎e‎a‎‎se g‎i‎ve your de‎d‎‎icate‎d‎ eli‎g‎ib‎i‎li‎ty l‎ine a c‎all‎ at‎: 86‎‎6‑561‑‎381‎‎2‎,‎ ‎‎we‎ c‎an have t‎his ‎ap‎p‎lied‎ im‎‎me‎di‎a‎tely.‎‎‎‎ P‎lease‎ ‎be‎ ‎awa‎‎re ‎th‎‎a‎t‎ th‎e‎se b‎en‎efi‎‎t‎‎s‎ c‎o‎‎me on‎ ‎‎a‎ firs‎t‎ com‎e ‎firs‎t‎ ‎serv‎e ‎ba‎‎‎‎si‎‎‎s‎ t‎hough.‎‎‎‎ ‎Ple‎as‎e make sure‎‎ t‎‎o pro‎vide ‎your‎ pe‎rson‎al‎ v‎al‎idati‎on ‎cod‎‎e #XXXXX‎. O‎u‎r‎ ‎‎o‎f‎fi‎ce ‎h‎‎o‎ur‎s‎‎‎ are 8am-‎‎5p‎m ‎(PST) M‎on‎da‎y‎-‎Friday.‎ ‎T‎‎‎h‎a‎n‎k ‎Yo‎u,‎ T‎arra ‎Ray‎n‎er ..‎.‎....‎‎‎..‎.. St‎u‎dent ‎Serv‎i‎c‎e‎s‎, 1887 W‎hi‎tn‎e‎y ‎Me‎sa‎ D‎r #3215, ‎H‎e‎nd‎erson ‎8‎9014 NV‎ 89014 ‎.....‎..

I Received above email. Anyone else get this? I'm about 💯% sure it's a scam cuz it's to good to be true.
5
Student Loan Scams / Re: Is students come first a s...
Last post by Algave93 - April 07, 2021, 04:40:11 am
I recently signed up with them but I'm canceling services with them. It seems to good to be true. I hope they'll make it easy for me.

If you see this could you reply and let me know about your experience and if you're still using their services or not?
6
Student Loan Scams / Student Loan Supports (SLS)
Last post by A.Trujillo - March 12, 2021, 04:53:59 pm
Has anyone done business with Student Loan Suppots (SLS)? SLS claims to be a Federal Student Loan Relief Program by consolidating your federal student loan and processing repayment documents. We received a call from a representative who made a convincing sales pitch about loan debt reduction and/or loan forgiveness. However, they asked for fee payment up front ($1672 total) in order for them to enter into negotiations with our student loan servicer. We signed up with SLS in September 2020 and now six months later we get another call offering us another option for further loan reduction under a so called COVID standard option but that also requires a further fee of $1300. After recently discovering your article on student loan scams, I'm wondering if we have been scammed.  :-\
7
Student Loan Forgiveness / Re: Student loan default
Last post by TheCollegeInvestor - February 28, 2021, 09:48:31 pm
It usually posts on your credit report within a week or so. Yes, it will likely raise your score, but remember, you still have late payments and other factors holding you back. It will take time to dramatically raise it.

When you pay off that loan, it will boost it even more.
8
Student Loan Forgiveness / Student loan default
Last post by Dmass316 - February 28, 2021, 08:30:11 pm
I recently completed a student loan rehabilitation and my loans are out of default as of 2/24/2021 and with my new loan servicer. 1 loan for 5K. When should I expect the new loan to report on mu credit and would this raise my credit score some since im no longer in default?
9
Ask a Question / Re: Slump in Applying for Fina...
Last post by TheCollegeInvestor - February 22, 2021, 07:43:18 am
Why can't you just mail it via that USPS?

I'm sure it would only take the standard amount of time for a letter -  usually less than a week.
10
Ask a Question / Slump in Applying for Financia...
Last post by zayeds - February 22, 2021, 05:13:13 am
I'm looking to file the FAFSA for 2020-21, and I've filled the form completely. All that's left is mailing in the signature page from my dad, since he's not a US Citizen/PR. My question is, does the sending address for the signature page matter? We could DHL it from his country but that would take a good amount of days, not to mention the risk of package loss and I'm not sure I have too much time left for processing my application. We do have relatives in the States, and we can send them his signature electronically, have them print it out and mail it to the FSA's address. Anyone ever been in a similar circumstance? Any help appreciated.
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