This is a scam. They presented themselves to me on the phone as a student loan consolidation service that worked with the Department of Education. They charged me $799 upfront for consolidation, even though loan consolidations are activities that the Department of Education can do for free.
Beside above, is Stu processing center legit?
I have found out through fed loans that they are a scam. This company is fraudulent. … I now have another department to pay for student loans.
Simply so, is Alumni financial assistance legit?
Alumni financial is an absolutely scam. Now that I have my money returned I can post what a scam they are. They told me that they would take care of getting me a income driven payment. They recieved all of my info from me and told me I didn’t have to worry about my student loan for a year.
What qualifies for student loan forgiveness?
Public Service Loan Forgiveness
PSLF forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
Are loan forgiveness programs real?
There are legitimate government programs, such as Public Service Loan Forgiveness, that can reduce or eliminate federal student loans after a certain amount of time. … Borrowers on income-driven repayment plans can get their remaining loans forgiven after they make payments for 20 or 25 years, depending on the plan.
Is the government forgiving student loans?
Individuals making $25,000 or less per year will not owe any payments on their undergraduate federal student loans and also won’t accrue any interest on those loans. … After 20 years, the remainder of the loans for people who have responsibly made payments through the program will be 100% forgiven.
Do student loan forgiveness programs call you?
The caller promises to help you lower your payments or get your loan balance forgiven for a “fee” … The same thing goes for student loan forgiveness. So, if someone other than your servicer calls you offering lower monthly payments or forgiveness, Mayotte says to hang up the phone.
Will my taxes be taken for student loans 2020?
The original coronavirus relief bill stopped tax refunds from being taken for defaulted student loans if you filed your return after March 13, 2020.