In the Scam of the day for December 21, 2021 I told you that the present pause on student loan payments and interest put into effect during the pandemic which had been extended numerous times, was  scheduled to end on January 31, 2022 with payments required to resume in February.  Then in the Scam of the day for December 27, 2021 I informed you that the federal government had again extended the pause until May 1, 2022.   At that time I told you that the sudden resumption of payments by 40 million student loan borrowers coming in May would surely prompt scammers to contact students and their families with a wide variety of scams related to repayment or forgiveness of student loans.

Now, as I anticipated, we are seeing an increase in these scams.  One of these scams involves a robocall which says, “This message is from the Department of Education.  All programs of student loan forgiveness will be stopped immediately.  In order for you to qualify, you must apply in the next 24 hours.”.

Other scammers are contacting students posing as the student’s loan servicer.  In order to verify that you are being contacted by your real loan servicer, you can go to the Department of Education’s federal student aid website where you can get detailed information on your current student loan servicer including contact information.  Here is that link.

/I have written many times over the last ten years about student loan scams because scammers have successfully targeted college students and their parents for a variety of scams related to these extensive loans.  In October of 2017 the Federal Trade Commission, working with the Attorneys General of eleven states, launched what it cleverly calls, Operation Game of Loans to jointly target these various student loan scams.   Some scammers promise dramatic reductions of debt of 50% or more in return for upfront fees of between $500 and $2,500.  Often these scam companies have names that make it appear that they are endorsed by the federal government in order to trick people into trusting them.

Another student loan scam involves promises related to consolidating student loans.  Sometimes the scammers represent that they are associated with the U.S. Department of Education although the Department of Education does not associate with private lenders in regard to student loan consolidation.  These scammers also charge significant fees for their student loan consolidation services when the truth is that there is no fee for legitimate student loan consolidation.  It is also important to remember that consolidating your student loans does not lower your interest or monthly payment.  Instead, after loan consolidation the student’s monthly payment is equal to a weighted average of the interest rates on the student’s current loans.


The old adage still is true.  If it sounds too good to be true, it probably isn’t true.  Many of these student loan debt relief scammers promise quick loan forgiveness, which is unrealistic.  In addition, you should never pay any upfront fees for student loan debt relief assistance.  Those fees are illegal and are a sure indication that you are being scammed.  Also, remember my motto, “trust me, you can’t trust anyone.”  Don’t trust scammers merely because they use names that sound like they are affiliated with the government.

As for the robocall that purports to be from the Department of Education, such a call is an illegal robocall so if you get such a call, you can be confident it is a scam.

Also, never give out your Federal Student Aid ID or your Social Security number to anyone who calls you representing themselves to be a student loan servicer.  Scammers can use this information to log into your student loan account, change your contact information or even direct payments to themselves.  Rather than give your Federal Student Aid ID or your Social Security number to someone contacting you when you can never be sure if they are legitimate or not, contact your servicer directly if you have any questions.

For information you can trust about federal student loan repayment option, go to .  There you can learn about loan deferments, forbearance, repayment and loan forgiveness programs and there is never an application fee.  If you owe private student loans, contact your loan servicer directly.  You can also look into student loan refinancing rather than consolidating the loans.  Refinancing student loans can result in a lower interest rate.  For more information about student loans go to  Here is a link to a calculator that can help you determine whether you will save more by consolidating or refinancing student loans.

Here also is a link to an FTC video that explains student loan scams and what you can do to protect yourself.

For those of you receiving the Scam of the day through an email, I just want to remind you that if you want to see the ever increasing list of Coronavirus scams go to the first page of the website and click on the tab at the top of the page that indicates “Coronavirus Scams.”  Scamicide has been cited by the New York Times as one of three top sources for information about Coronavirus related scams.

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