Scammers are stepping up their game, sending slick emails, making bold promises, and using official-looking logos to trick borrowers into handing over money and personal info.
Whether you’re paying off loans or just trying to understand your options, these fraudsters are ready to pounce. Don’t let them. Knowing the warning signs can help you stay one step ahead.
Student loan scams often look convincing, but there are clear warning signs:
- “Special access” promises? That’s a scam.
- Upfront fees? Never pay an upfront fee.
- Government logos? Easy to fake. Don’t trust a message just because it looks official.
- Requests for your FSA ID? Never share it.
If something feels off, it probably is.
What You Should Do Instead
Skip the guesswork and go straight to the source. For federal student loans, visit StudentAid.gov.
If your loans are private, contact your loan servicer directly using verified contact info.
Think you’ve spotted a student loan scam? Report it at ReportFraud.ftc.gov.