Received suspicious calls or texts about guaranteed student loan forgiveness? It’s most likely a scam. Learn how scammers take advantage of student loan borrowers and get tips about how to identify a scam.
For more information about how to spot a scam, check out https://studentaid.gov/resources/scams
Federal Student Aid provides real assistance to help you develop a plan for successful repayment. Here are six steps you can take now to prepare:
•Update your contact information https://studentaid.gov
•Get information about your next payment https://studentaid.gov/aid-summary
•Make sure you’re the on the best repayment plan for you. Use Loan Simulator to explore your repayment options https://studentaid.gov/loan-simulator/
•Take action if you want to lower your monthly payment. Consider applying for an income-driven repayment (IDR) plan https://studentaid.gov/app/ibrInstruc.
•Contact your loan servicer if you need short-term relief https://studentaid.gov/servicer
•Make sure you understand the consequences of not repaying your loan https://studentaid.gov/manage-loans/default