Protecting Student Loan Borrowers—Now More Than Ever
The pandemic environment has generated a great deal of concern for student loan borrowers. There is fear of financial failure, loan status confusion, and general misinformation being shared online. Add to this an increase in financial fraudsters and we're seeing a highly vulnerable and stressed population.
1 out of 3 student loan borrowers have been contacted by an organization to "help" manage their loans for a fee or promised loan savings or forgiveness.
Source: Ascendium 2020 Student Loan Repayment Survey
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Resources To Help You Help Your Students
There are a number of things we can all do to help borrowers navigate these challenging times. Pro-active education is key. Our Protecting Student Loan Borrowers resource page has videos and documents you can use to help the student loan borrowers in your life.
VIDEO—Top 5 Warning Signs to Avoid Student Loan Scams
CASE STUDY—An Encounter with Fake Student Loan Help
BLOG POST—Avoiding Student Loan Scams, Fraudsters, & Fake Help
Don't hesitate to reach out if you need assistance or have ideas on other ways we can help support your community.
Best Regards,
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Beth Erickson Vice President Repayment Solutions |
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