How To Report Student Loan Scams? (Solution found)

You may also report the business to the Consumer Financial Protection Bureau via their online complaint site or by calling 855-411-2372. If you believe you are a victim of a student loan aid scam, you can also contact the Federal Trade Commission (FTC) and file a complaint with the FTC.

How do I report student loan Forgiveness scams?

How do I submit a complaint, or report a scam or suspicious

  1. Click the “Submit Complaint” button in the Submit a Complaint section of the Feedback Center.
  2. Choose either to log in with your FSA ID, or to submit without logging in.
  3. Follow the remaining on-screen prompts to submit your complaint to FSA.

How do student loan scams work?

The basic structure of student loan scams has remained the same for years, Yu says: Companies promise some kind of forgiveness in a short period of time, charge and pocket a large upfront fee, then get access to a borrower’s account to consolidate their debt and enroll them in an income-driven repayment plan.

What can you do if you get scammed by student loans?

One option is to file a complaint with the Federal Trade Commission notifying it of the potential scam. Another is to call your state attorney general. Last, you may also want to check your credit score out of an abundance of caution, said Evans.

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How do I report a scammer?

The Federal Trade Commission (FTC) is the main agency that collects scam reports. Report your scam online with the FTC complaint assistant, or by phone at 1-877-382-4357 (9:00 AM – 8:00 PM, ET). The FTC accepts complaints about most scams, including these popular ones: Phone calls.

Is nelnet a safe site?

Even so, check and verify your student loan servicer on the Federal Student Aid website to gain peace of mind that these communications from Nelnet are legit. Nelnet is also your point of contact if you wish to change repayment plans, apply for deferment or forbearance, or work toward student loan forgiveness.

Are emails about student loan forgiveness legit?

Students or borrowers who receive an email, letter or call about student loan debt forgiveness are advised to pause before sending or confirming any personal information. Some scams offer to enroll you in programs like the “CARES Act loan forgiveness” or the “Biden forgiveness program,” which don’t exist.

Who do I call about student loans?

call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243.

What if a scammer has my phone number?

By having your cell number, a scammer could trick caller ID systems and get into your financial accounts or call financial institutions that use your phone number to identify you. Once the scammer convinces your carrier to port out your number, you may never get it back.

How do I get my money back from a scammer?

Contact your bank immediately to let them know what’s happened and ask if you can get a refund. Most banks should reimburse you if you’ve transferred money to someone because of a scam.

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What happens if I get scammed?

If you’ve been scammed, consider reporting the fraud to the police to see if they can take any action, as well as to your state consumer protection office. You can also report scams to the FTC. File a report online with the FTC, or by phone at (877) 382-4357.

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