Student loan forgiveness programs serve many qualifying candidates, and the U.S. Department of Education offers several legitimate forgiveness programs. However, keep in mind that federal programs never ask for a fee to complete any forgiveness paperwork. Forgiveness programs that do charge fees are a scam.
Scammers may also use false promises to pay down student loan debt and lower your monthly payments. As enticing as it sounds, anyone who offers you instant loan forgiveness is running a scam.
How to Protect Yourself
When looking into student loan forgiveness programs, stick to student loan websites operated by the federal government. Only these can forgive your federal student loans. Don’t give your personal loan information out — especially your student aid ID or password — and don’t pay anyone for help with forgiveness programs.