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Beware: New Scam Aimed at Student Borrowers

December 13, 2016

Leadership in Washington will soon change, and, unfortunately, some third-party companies are attempting to profit because of it.

Recently, a third-party debt relief company, claiming to be the Department of Education, has been leaving voicemail messages for student borrowers claiming that they must act immediately to qualify for student loan forgiveness before the program is eliminated. A transcript of the voicemail follows.

This message is from the Department of Education. In regards to Donald Trump becoming President, all programs for student loan forgiveness will be stopped immediately as soon as he takes office in January. In order for you to qualify, you must apply within the next 24 hours or you will not be able to have your student loan payment reduced. Please contact us at 888.307.0680. The number again is 888.307.3680. Once again you must get enrolled within the next 24 hours.

Please be aware that these calls do not originate from the Department of Education. We appreciate you making your student borrowers aware of this scam.

2 Comments leave one →
  1. Jen Hoepner permalink
    December 15, 2016 12:16 pm

    Yikes!!! Pretty scary.

  2. S Wallace permalink
    December 16, 2016 3:59 pm

    Just called and, after much questioning, they admitted they were not part of the Department of Education. However they said I was contacted because of data in the National Student Loan system. When pressed for what they do, the agent indicated the company would collect, prepare and file an application for student loan forgiveness through one of the DoE programs.

    When I followed up with questions about cost, he indicated that there was a fee but that it was ‘only $300 for the first 3 months’, with payments being made to this company (A1 Document Prep). Once the Department processed my application, they would determine my future payment amounts and I would then start paying the Department directly. Just to be sure, I confirmed with him that it would actually cost me a total of $900.00 to file a free application for student loan forgiveness by using this company/service.

    This truly seems to be simply a new version of the FAFSA.COM scam.

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