I wish I had done my homework and gotten here sooner! I thought I was setting up a payment plan when I supplied this company my bank account information and SSN. There were warning signs, but it appeared genuine. Bold wording in the letter posed the question, “What would you do with any money you might save? Invest in your dream? go on that well-earned vacation?” I overlooked this hint. Bold lettering, a barcode, and a mention of generating an FSA ID gave the letter a polished appearance. They sent me to https://studentaid.gov and added a faulty link to https://nslds.ed.gov. I paid two $399 payments, but after reporting it to my bank, they halted more payments and gave me my money back. I am currently awaiting the return of the first payment. Take caution with Letters stating Student Loan Consolidation & Payment Reduction Program Prepared For.
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Hi mates,contact your current loan servicer directly using a trusted phone number (not one provided in the letter). They can verify the authenticity of the communication.
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I received the same letter, but it was easier for me to recognize it as a scam due to my name. I came here to confirm my suspicions. My first name is hyphenated, and scam sites often send me mail without the second part of my legal name. All legitimate government correspondence includes my full name.