Attorney General Ellen Rosenblum of Oregon has issued a fresh warning about fraudulent student loan schemes. He has warned those students who took loans under new schemes of the government.
Scams are unfortunately emerging in the wake of promising new federal student loan programs, such as the Public Service Loan Forgiveness (PSLF) initiative and the White House’s recent announcement on loan forgiveness. Both the PSLF payment moratorium and the PSLF waiver opportunity expire on December 31, 2022.
How Students Can Have Safety From The Scammers?
Here are some critical safety guidelines: Oregon residents should not respond to unsolicited phone calls, emails, or social media messages from people who claim to be able to expedite the forgiveness or refinancing of student loans. Do not give in to the temptation of accepting an unexpected offer without first verifying its veracity. Most likely, that is not the case! Read About Fauci through this link.
Phrases like “pre-enrollment for all loan forgiveness” or “you must apply within the next 24 hours” are frequently used by con artists. Don’t give in to their ploy!
Is There Any Need To Pay Money For Applying For These Loans?
Signing up for the new loan forgiveness program — or the payment pause — does not cost anything. There is no way to skip the line, get in early, or be guaranteed admission. “Anyone who claims they can, or who tries to charge you money, is trying to scam you,” Ellen Rosenblum said.
By the time they graduate, students in Oregon with loans owe an average of $36,091. Oregon residents owe over $19.0 billion in total student loan debt.
Benefits Of These Loans
More than 3,500 residents of Oregon have had their loan balances completely canceled thanks to the Public Service Loan Forgiveness Program. With these kinds of figures, it’s easy to see how student loans can become a lifetime of responsibility and an appealing target for con artists.
As one critic put it, “one of the worst parts of this type of scam is that it scares people away from applying for the forgiveness or cancellation that they are entitled to.” stated Lane Thompson, the Student Loan Advocate for the state of Oregon. You might want to read about Dua Lipa
Make sure your federal loan servicer has your most up-to-date contact information and that you are familiar with who they are if you still have outstanding student loans. Please sign me up for updates from the Department of Education so that I may be informed when the newly announced loan forgiveness process has begun.
You can use that to learn the most up-to-date information regarding the suspension and possible cancellation. Also, keep in mind that all government websites for loan forgiveness or PSLF applications will end in “.gov.”
What To Do If Someone Has Scammed You?
If you or someone you know has been the victim of a student loan scam, you can submit a complaint form to the Attorney General’s Consumer Hotline online at www.oregonconsumer.gov or by calling 1-877-877-9392.
You can contact the Oregon Department of Consumer and Business Services, Division of Financial Regulation at 1-888-877-4894 or check out their student loan website to learn more about student debt or file a complaint against a student loan servicer.
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