The student loan debt has risen to 1.7 billion dollars in 2021 and is causing many hardships to people in pandemic times. Student loan has always been a big problem in the United States, and in the United Kingdom, and every federal government has tried to address it in their fashion. To help people, many private agencies have taken the role of alumni help group. This article will discuss Is Alumni Solutions Scam, or they are assisting the student in restructuring their loan and reducing their debt burden.
Table of Contents Toggle What are Alumni Solutions?Is Alumni Solutions Scam?Alumni Solutions Loan Forgiveness Scam: About the IncidentVoicemail TranscriptSome More Information on Is Alumni Solutions ScamFinal Verdict
What are Alumni Solutions?
To reduce the debt burden on alumni who have taken student loans for their higher studies, the government provides debt relief in many ways. As alumni remain unaware of this schemes and process, the private agency takes on the job and provide different services. These agencies are known as Alumni solutions. But there is news trending on the various social networks that there is a launch of a new program to forgive student loans, from then people rushing to the internet in search of Alumni Solutions Loan Forgiveness Scam. We will discuss its legitimacy in the next section. First, let’s look at some of how government provides relief:
It allows for the consolidation of federal student loans. Alumni can lower their monthly installments, which will reduce their burden. People can apply for a student loan forgiveness plan, and if they fulfill the criteria, it can be waived for them. If anyone has defaulted in loan payment, it can help them get it out of the default list.
Alumni Solutions also provides different artificial intelligence-based products, which is quite popular worldwide.
Is Alumni Solutions Scam?
In the previous section, we have seen some relief measures that come under the student loan forgiveness plan. Private agencies call students and charge fees to sort out their loan debt problem, but some of the agency scam alumni of their money and didn’t provide any loan debt service in return. Student loan forgiveness or alumni scam has always been there in the United States, and in 2017 trade commission launched an operation game of loans to control this menace. Still, the pandemic year has allowed scammers to hit back.
Alumni Solutions Loan Forgiveness Scam: About the Incident
Many got a voicemail from a lady named Britney Price from a phone number 629-209-6845, who introduced herself to be an agent at “Alumni Assist Group” (#1769). In the voice message, Britney stated she works for some loan forgiveness programs for students. So, if student reverts to her message, she would help them in the “student forgiveness program.” The eye-catchy thing here is that she has mentioned that the program is for those who take part first and is limited. But, these programs raise a question: Is Alumni Solutions Scam valid only when it comes from government agencies. So, this message is totally a scam.
Voicemail Transcript
“Hey! Britney Price here, calling from alumni solutions – assistance group with an agent number 1769 and my telephone number is ***. This particular call is to let you know that you still valid to take part in the forgiveness program, but with limited openings left, so revert quickly to finalize the details. And please don’t miss out on this opportunity.” Similarly, many got the same message from different names and different IDs multiple times. Suppose you got the same message; please don’t rush to take action. It is 100% a scam message.
Some More Information on Is Alumni Solutions Scam
People are already going through many hardships during the pandemic period, and scammers are making it worse for them. There are around seventy reviews about the alumni help center on the Better Business Bureau website, with a rating of four. So we can say that not all alumni solution providers are scammers, but people should remain alert and distinguish between genuine solution providers and scammers. A recent comment by Lisa P on the BBB site confirms that scammers can give a call, even if they have not taken any student loan. Many distressed people are discussing the scam on social media and narrating their tale, so we can say that it is a scam. To know more about it, please follow this link.
Final Verdict
As there Is Alumni Solutions Scam happening in the name of a loan forgiveness service provider, people should not trust any agency without knowing the facts. Alumni should not make rash decisions in a hurry, as the government has already put a moratorium on federal student loan repayment until September 30, 2021. If you know about alumni loan scams, please share them in the comment section and give your opinion about the post below. For more information about the online scams, you can visit this link.
