Tis the season to watch out for scams if youre paying off student loans.
Time to join the rest of us in the not-so-fun world of Student Loan Land.
Its no secret that a rising number of college grads are struggling to repay their student loans.
In 2016 alone,more than 1 million Americansdefaulted on them.
This ugly trend has the fedssounding the alarmabout scammers falsely offering borrowers help with student-loan forgiveness.
These debt relief scams are big business, raking intens of millions of dollars.
It doesnt matter whether youre a recent graduate or youve been out of school for years.
If you have outstanding student loans, dont be surprised if you hear from one of these fraudsters.
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(All those places got busted by the feds.)
Theyll probably send you official-looking documents outlining how theyre supposedly going to help you.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
Hes quite familiar with debt.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
