Scam or Legit: Student Loan Refinance, Relief and Forgiveness

Michael Lux Blog, Consolidation, Refinance, Scam Alert, Student Loans 0 Comments

Deciding whether or not a student loan service is legitimate or a scam has become increasingly difficult.  A lot of promises are being made regarding government programs, “relief” agencies, refinance companies, and loan advisors.  Some are legitimate and excellent opportunities for consumers, many others are wastes of time and money. …

Scam Alert: The “Department of Education” called me about my student loans

Michael Lux Blog, Scam Alert, Student Loans 2 Comments

Today I received a robo call from “The Department of Education” regarding my student loans.  The recording said that I was flagged as being eligible for certain programs including student loan consolidation and student loan forgiveness.  If I was interested in learning more, I was instructed to push 1 and …

Scam Alert: Robo Calls About Trump Ending Public Service Loan Forgiveness (PSLF)

Michael Lux Blog, News, Scam Alert, Student Loans 0 Comments

We have heard from a number of people who received pre-recorded automated calls, better known as robo calls, about their student loans.  In these calls the recording says that President Trump will be ending the Public Service Student Loan Forgiveness program and the borrowers need to act right away to …

Scam Alert: Department of Education calls about Donald Trump

Michael Lux Blog, Scam Alert, Student Loans 0 Comments

Recently student loan scammers have posed as the Department of Education and called borrowers warning them about forgiveness ending as soon as Donald Trump leaves office. They leave the following voicemail: This message is from the Department of Education. In regards to Donald Trump becoming President, all programs for student …