Cross-posted from Medium.
Ive seen online ads claiming that Obama Wants to Forgive Your Student Loans! or Erase Default Statuses in 46 Weeks! The link takes you to companies that want to help you manage your loansfor a fee. You never need to pay for help with your student loans. For the great price of free, the U.S. Department of Education can help you:
- Lower Monthly Payments;
- Consolidate Federal Student Loans;
- Check on Loan Forgiveness; and
- Get Out of Default
Your loan servicerthe company that collects your payments on behalf of the Department of Education can also help you with these goals for free. If you need help with your debt, you should contact your servicer. Click here for a list of servicers contact inform…
Read the full article at: http://blog.ed.gov/2016/01/dont-be-fooled-you-never-have-to-pay-for-student-loan-help/