Beware of Student Loan Scams

Submitted a month ago
Created by

Have student loan debt? Be careful: scammers are posing as student loan servicers. The warning was issued by the Vermont Attorney General and Vermont Student Assistance Corporation (VSAC) in a press release yesterday. 

Advertisement: Content continues below...

Scammers pose as student loan servicers, debt relief companies, document preparation companies or say that you may be eligible for a student loan forgiveness program.

“My office has received dozens of complaints about these types of scams,” Attorney General Donovan said. “Recent graduates, who are starting to repay their student loans this fall, should be especially wary of potential student loan scams.”

VSAC, a public nonprofit agency of the State, provides advice about student loans for free, even if the loans are through another provider. To guard against scammers, the VSAC website reminds borrowers: 
  • Never pay a fee for help.
  • Keep your FSA ID private.
  • Call us if you have questions
If you believe you may have received a scam call, contact the Attorney General’s Consumer Assistance Program at 1-800-649-2424 or by e-mailing For questions about student loans, contact VSAC at 1-800-862-3177. 

Comments 1

Download the DailyUV app today!