Dr. Ronald P. Rogers
Support for your body's natural healing capabilities
Click here for details
Click here for information
GUN & PAWN
What's Going On
Columbia Gas Dept.
GAS LEAK or GAS SMELL
24 hrs/ 365 days
270-384-2006 or 9-1-1
Call before you dig
Directory of Churches
phone numbers and more
for churches in Adair County
Find Great Stuff in
Antiques, Help Wanted,
Autos, Real Estate,
Legal Notices, More...
On This Site
or Click Here
KHEAA warns of companies charging students for free services
By Crystal Staley/Sebastian Kitchen
Frankfort, KY - On Friday, Gov. Andy Beshear and the Kentucky Higher Education Assistance Authority (KHEAA) warned that if Kentucky students owe money on federal student loans, they should watch out for scamming loan repayment companies.
The companies offering to help students lower their payments may be charging large fees for services available for free.
"My administration will always put education first, and part of that means protecting Kentucky students, after they've graduated, from predatory companies trying to take advantage of them as they pay back the loans that helped them pursue their education goals," Gov. Beshear said.
Some third-party companies claim to offer document preparation services and act as though they can help students qualify for a loan forgiveness program, but they may want upfront fees and personal and financial information. The Federal Trade Commission says it is illegal for companies to charge upfront fees before providing debt relief services.
The Governor and KHEAA warn borrowers to be skeptical about companies that:
If a student doesn't know what his or her servicer is, that information can be found at https://studentaid.gov/h/manage-loans.
If students believe they have been contacted by a scammer, they should report it to the Consumer Financial Protection Bureau at https://www.consumerfinance.gov/complaint and the Kentucky Attorney General's Office at https://ag.ky.gov/about/Office-Divisions/OCP/Pages/default.aspx.
This story was posted on 2021-04-17 09:18:15
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.
More articles from topic Education:
CPD and KSP give students tips on substance abuse prevention
Adair County Elementary School SBDM Election 2021-2022
May is Mental Health Awareness Month at Adair Co. Schools
Volunteers Needed for New 4-H Dog Program
2021 ACHS Prom will be May 8, 2021
Adair County High School SBDM meeting
WKU announces finalists for Distinguished Educator Awards
Adair County Middle School SBDM Council meeting
Adair County Elementary School SBDM Council meeting
Booths available for ACHS Band yard sale fundraiser
View even more articles in topic Education
Bank of Columbia
The Best of
Local Stories of
The Greatest Generation
Order Book or e-Book
See who's celebrating
Birthdays and Anniversaries
Special Events List
Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.