As the federal government resumes involuntary collections for student loan borrowers in default, experts are warning against scammers attempting to steal money and information in Wisconsin.
The Trump administration started to collect on defaulted student loans in May after pausing the repayments in 2020 during the COVID-19 pandemic, the U.S. Department of Education announced in April.
The Wisconsin Department of Agriculture, Trade and Consumer Protection warns against scammers who might try to convince you that you need help managing your student loan, according to a news release.
Here’s how you can avoid student loan scams in Wisconsin, plus what to do if you’ve fallen victim to a scam, according to DATCP.
How to avoid student loan scams in Wisconsin
To check the status of your federal student loan, log on to StudentAid.gov, where you’ll see more information about your loan servicer and how to contact them. If you have any questions about your loan, contact your servicer directly.
According to DATCP, here’s how to avoid student loan scams:
What to do if you are a victim of a student loan scam in Wisconsin
According to DATCP, these are the recommended steps you should take if you believe you are a victim of a student loan scam in Wisconsin.
If you think you have detected a student loan scammer, you can report them at reportfraud.ftc.gov.
This article originally appeared on Milwaukee Journal Sentinel: Here’s how you can avoid student loan scams in Wisconsin as payments resume for borrowers
Reporting by Alex Groth, Milwaukee Journal Sentinel / Milwaukee Journal Sentinel
USA TODAY Network via Reuters Connect
