Category Archives: Student loan scam

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Why Pay for Help Managing Student Loans When It’s Free

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The Secretary of Education John King recently spoke about the proliferation of student loan scam companies. He warned borrowers not to pay for help managing student loans. After all, you can contact loan servicers and get help for free right? Why then do I feel like I’m genuinely impacting my clients lives for the better with student loan consults?

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How to Spot a Student Loan Scam

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spot a student loan scam

I found the picture above by searching “student loan advisor” on craigslist job boards. The firm that listed the post was hiring “CLOSERS ONLY.” There are so many dishonest businesses out there in this industry, I’m going to teach you how to spot a student loan scam. Unfortunately, the scum of the earth have moved out of the no income no job no assets mortgage business into the student loan consolidation business. If you’ve ever seen “Obama Student Loan Forgiveness” or “Secret Government Student Loan Program,” you’ve witnessed these scammers in action. Here’s how to watch out for them, and how to know that I’m not one of them.

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