Warning: Student debt relief scam circulating on social media

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While social media is a great way to keep up with friends, it is also a popular way for criminals to attempt to con us. A current Facebook scam baits students with false claim of class action lawsuits against their college, or a college they are interested in attending, and then extracts fees to join this non-existent law suit.

‘National Student Loan Defense Group’ is one group currently circulating ads which falsely state there is a class action lawsuit underway against Charter College. There is no lawsuit. These ads are designed to collect fees from students to join this non-existent suit.

Last year we reported on a social media scam where companies offer to consolidate debt, reduce your loan fees or even eliminate your debt for a fee on social media. While Facebook updated their ad policy last November to address misleading or deceptive loan forgiveness programs, these scams are still circulating.

You never should pay for student loan help

Help with your student loan is always available for free from your college’s financial aid office or directly from The Department of Education. If you have questions about your school and your loans, you can contact the U.S. Department of Education directly at 1-800-4-FED-AID.

If you have question about financing an education at Charter College, contact one of our Financial Aid Representatives at 888.200.9942.