Beware: New Scam Aimed at Student Borrowers

Published:
December 19, 2016

​The Office of Financial Aid has been made aware of a new scam. Claiming to be the U.S. Department of Education, a third-party debt relief company is targeting student loan borrowers. A voicemail message directs them to act immediately to qualify for loan forgiveness before these programs are 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.​

These calls do not originate from the Department of Education. Please share this information so others may be aware.

For more information, see:

A message from the U.S. Department of Education on scams

U.S. Department of Education Loan Forgiveness, Cancellation, and Discharge

U.S. Department of Education Student Loan Repayment Information

 

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