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  • 2016-11-22 (xsd:date)
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  • 'Student Loan Forgiveness' Scam (en)
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  • In 2016, the U.S. Department of Education said that more than 300,000 Americans could be eligible for student loan forgiveness due to disability. But that key bit of information is absent from a breaking news story featured on ISupportForgiveness.org, which instead directs readers to call a phone number. So we tried the number out twice. The first time, when asked to identify their company, the person who answered identified them as EDU Loan Servicing. There is no apparent listing for a business by that name. The second time, the person answering the phone immediately tried to gather personal information, asking, Do you have more than $10,000 in student debt? Upon being informed that it was Snopes.com calling and not someone seeking help with their loans, the person said, I'm sorry I couldn't help you, and hung up. Not only is EDU Loan Servicing not part of the list of federally-approved student loan servicers, but its possible existence is also undermined by the fact that its notice was posted on I Support Forgiveness, which promotes itself as a product review site: We contacted I Support Forgiveness asking if they were affiliated with EDU Loan Servicing. They have yet to respond. Student loan scams are widespread in the United States. The most common hoaxes include loan consolidation, debt elimination, and getting borrowers out of default — all for a price: It's important to look into any company that may advertise or contact you out of the blue, particularly if they charge for their services. The federal government offers loan repayment advice and assistance for free. (en)
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