Students, have you recently received a voicemail message like this?
“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 enroll within the next 24 hours.”
Guess what? That’s not the U.S. Department of Education. It’s a third-party debt relief company trying to profit from the changes happening in Washington D.C. In other words, it’s a scam.
The actual U.S. Department of Education offers several options to help repay (or in limited cases, forgive), your federal student loans. However, it is important to note that the Department of Education would never call you to initiate something like this.
─ The Office of Student Financial Aid