7 sneaky signs that you’re about to fall for a student loan scam

Continue reading for more information on common student loan scams and red flags that can help you suss out if a company is legitimate or not.

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If you’re working with an online lender, do a little homework by researching the company and reading consumer reviews.

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A major indication that you’re dealing with a student loan scam is the requirement of an upfront fee.

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A Promise of Immediate Loan Forgiveness

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As long as they don’t charge you any fees until refinancing has occurred, they’re most likely operating legitimately.

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

[{"selector":"#anim-782f9767-0a41-4afc-ae99-ea3938b4e6c1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5bb5217e-8a86-4af4-ad74-7b0795014a8d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a076f402-2726-42e9-bd71-d8022182df5a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0daa1eec-5bb1-4415-a45a-8f2637694343","keyframes":{"transform":["translate3d(0px, 99.16371%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Can you get life insurance if you take psychedelics? Is Raising Chickens Cheaper Than Buying Eggs?

7 sneaky signs that you’re about to fall for a student loan scam

Continue reading for more information on common student loan scams and red flags that can help you suss out if a company is legitimate or not.

If you’re working with an online lender, do a little homework by researching the company and reading consumer reviews.

Requests For Sensitive Information Over the Phone

A major indication that you’re dealing with a student loan scam is the requirement of an upfront fee.

The Company Requires Direct Payment Immediately

A Promise of Immediate Loan Forgiveness

Student loans are notoriously difficult to shake, even if you file for bankruptcy.

As long as they don’t charge you any fees until refinancing has occurred, they’re most likely operating legitimately.

The Company Is Charging a Consolidation Fee

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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