If you have Federal student loans, you may have heard that your loan repayments are starting back up in October 2023. You’re not the only one who’s heard the news — scammers are also taking advantage of this big (and sometimes confusing) update.

Use these three helpful tips to keep informed, so you don’t fall victim to a student loan repayment scam.

  1. Find out who services your loan(s).

  2. Keep your contact information updated through FSA and loan servicers, so that you get timely updates about your loan plan.

  3. Enroll in a repayment plan.

And remember…

  • Never pay for help with your student loans. Get free help at studentaid.gov/repay.

  • Do not give away your FSA ID login information.

  • Do not trust any individual or company promising debt relief or loan forgiveness, even if they say they are affiliated with the Department of Education.

  • If you think you’ve fallen victim to a student loan scam (or any scam) involving your CEFCU account, we are here to help you. Reach out to us at 1.800.633.7077.