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  2. Watch out for student loan forgiveness scam attempts ... - AOL

    www.aol.com/finance/watch-student-loan...

    The agency has also stressed that there is no fee to apply for student debt forgiveness. Since the student loan announcement in August and Biden's October push to clamp down on fraud, the Federal ...

  3. How to Spot and Avoid Student Loan Forgiveness Scams - AOL

    www.aol.com/finance/spot-avoid-student-loan...

    More than 46 million Americans share $1.75 trillion in U.S. student loan debt, according to the Federal Trade Commission. For many of us, the idea of cutting down our massive student loan debt at ...

  4. 4 red flags that indicate you might be dealing with a student ...

    www.aol.com/4-red-flags-indicate-might-163346221...

    1. Student loan scammers may require you to pay up-front or monthly fees for help. If a supposed student relief company requires a fee before they actually do anything, that’s a huge red flag ...

  5. Beware of scams promising to reduce student debt by ... - AOL

    www.aol.com/beware-scams-promising-reduce...

    As of March 2024, the Biden administration has announced that over $6 billion of student loan debt will be forgiven for over 70,000 workers in the public service sector such as teachers. nurses ...

  6. Educational Credit Management Corporation - Wikipedia

    en.wikipedia.org/wiki/Educational_Credit...

    Educational Credit Management Corporation ( ECMC) is a United States nonprofit corporation based in Minnesota. Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education.

  7. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    Student loan debt rose from $480.1 billion (3.5% GDP) in Q1 2006 to $1,683 billion (7.8% GDP) in Q1 2020. Student loans play a significant role in U.S. higher education. [51] Nearly 20 million Americans attend college each year, of whom close to 12 million – or 60% – borrow annually to help cover costs. [52]

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