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The Department of Education (ED) recently started sending emails to federal student loan borrowers with at least one ED-held loan to provide information about potential student debt relief and their ability to opt out of receiving the relief. Borrowers who want to be included in the potential student debt relief do not need to take any action.
U.S. Department of Education Office of Inspector General Protect Yourself from Student Loan Debt Relief Scams Fraudsters and cyber criminals prey on college graduates and their desire to pay down or consolidate student loan debt. Don’t fall for it! Your identity stolen. Credit cards and loans taken out in your name. Bank account zeroed out.
June 21, 2023. Cyber criminals and fraudsters are targeting student loan borrowers with schemes and scams aimed at separating you from your money, stealing your personal information, or both. The impact of falling victim to these scams can be severe—your identity stolen, credit cards and loans taken out in your name, your bank account zeroed ...
We write to provide a brief update on the Department of Education’s implementation of the Stop Student Debt Relief Scams Act of 2020 ( Public Law 116-251 ), also known as the Stop Act. On September 10, 2021 the Department of Education published a notice in the Federal Register to meet the Congressionally mandated deadline discussing policies ...
You Don’t Have to Pay for Help with Your Student Loans! You’re at home about to start cooking (or microwaving, no judgment here) dinner when you get a phone call from an unknown number. The person on the other end of the line is promising to help you pay off all of your student loans. Continue Reading. The post 3 Ways to Spot a Scam ...
The post Student Loan Debt Relief Do’s and Don’ts appeared first on ED.gov Blog. Item Link: Student Loan Debt Relief Do’s and Don’ts. Item Date: 10/05/2022 - 10:30am. Our mission is to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. Student Loans.
See here for a description of these student loan repayment plans. We encourage borrowers to review the specifics of each IDR plan as borrowers to make the best choices for their circumstances. For example, if a borrower enrolls in IBR and then moves to a different repayment plan, accrued and unpaid interest will capitalize.
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.