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

Medium Brush Stroke

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.

Medium Brush Stroke

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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