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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 ...
Due to the uptick in student loan forgiveness scams, the FTC has sent more than $4.1 million in refunds to borrowers who lost money to scammers. Luckily, the U.S. Department of Education has ...
Student loan forgiveness scams are still out there. Make sure you don’t fall prey with these 4 ways to spot and avoid scammers. This was originally published on The Penny Hoarder, which helps ...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [ 1]
The Higher Education Relief Opportunities For Students (HEROES) Act ( Pub. L. 108–76 (text) (PDF)) was legislation passed unanimously by the United States Congress and signed into law by President George W. Bush on January 16, 2002. It was extended and amended in 2003, extended in 2005, and made permanent in 2007.
Here are a few ways to spot a scam: - Being asked for log-in information: the FSA and loan providers will never ask you for these details. - Promises that are too good to be true: according to the ...
Overall, his entities bilked borrowers out of $28 million. Also in August, the FTC shut down additional scams operations that falsely promised to reduce or eliminate student loan payments under ...
President Joe Biden announced the much-anticipated administration's plan for student loan forgiveness on Aug. 24. and the online application will soon be available. However, the administration is ...
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