The federal government recently announced plans to cancel up to $20,000 in federal student loans per borrower and to extend the pause on federal student loan repayments through the end of the year. In addition, the federal government announced important changes to public service loan forgiveness (PSLF) and income-driven repayment plans. With these major changes, Arkansas Attorney General Leslie Rutledge is warning consumers that these new policies will likely lead to an increase in con artists perpetrating student loan relief scams.
If an unknown individual asks for your personal information, including your Federal Student Aid ID (FSA ID), do not respond. Neither your loan servicer, nor the Department of Education (DOE) will ask for your personal information over the phone or in an email.
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