ONLINE: How to Avoid Scams, Use Free Refund Tools, and Save Money – Isthmus

press release: Today the Wisconsin Department of Financial Institutions (DFI) and the Wisconsin Department of Agriculture, Commerce, and Consumer Protection (DATCP) announced that they are hosting free online workshops on student loan debt relief on January 20 and 21. These workshops will help student loan borrowers prepare for the end of the loan federal student loan payment break May, the 1st.

“With the resumption of student loan repayments in May, it is more important than ever for borrowers to explore their student loan repayment options and establish a repayment plan today,” said DFI secretary , Kathy Blumenfeld. “Borrowers should take the time now while payments are still paused to review repayment options such as income-based repayment plans, which can reduce monthly payments, and verify their eligibility for loan cancellation. student. Not waiting until the last minute to make a plan is important and will help ensure a smooth return to reimbursement. “

“As student loan repayments resume, borrowers should watch out for dishonest offers of loan cancellation or consolidation savings from debt relief scammers,” said DATCP secretary , Randy Romanski. “Borrowers who have questions should attend these information workshops to learn more about the many resources consumers can access without paying a fee. “

Attend the “Student Loan Debt Relief Workshop: How to Avoid Scams, Use Free Repayment Tools, and Save Money” on January 20 from 6 to 7:30 p.m. and January 21 from 11:30 a.m. to 1 p.m. by registering for free here and here.

During these workshops, student loan borrowers will learn about current student loan debt relief scams to avoid and how to use free software. Wisconsin Strong Student Loan Repayment Tool, created by Savi. Savi’s student loan experts will answer questions about student loan repayments and explain how their tool can help borrowers navigate the complexities of federal student loan repayment plans, forgiveness programs, and reduced payments. student loans. Using Savi’s tool can help borrowers reduce their monthly payments and optimize their repayment plans. On average, users of this tool save $ 156 each month and have a lifetime savings of $ 28,308. Student loan borrowers can find additional free repayment resources at DFI website.

DFI and DATCP are encouraging student loan borrowers to create a repayment plan now to help ensure a smooth return to repayment and be wary of fraudsters who take advantage of this transition period. Borrowers with questions are encouraged to call the Wisconsin Student Loan Helpline at (833) 589-0750 or contact Federal student aid. Student loan borrowers who have been scammed should report it by file a complaint online, by emailing [email protected], or by calling the DATCP Consumer Protection Hotline at (800) 422-7128.

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