(WAUSAU, Wis.) –Northcentral Technical College (NTC) has been made aware of a financial aid scam targeting Facebook users. The scam appears as an ad on the social media platform, and urges users to enter personal information to “sign up” for loan forgiveness.
Financial aid staff at NTC urges facebook users to exercise caution when viewing ads from debt relief companies. “Over the past few days, we have taken phone calls from students asking about this latest scam and we continue to remind them that they should never have to pay a fee for loan servicing or forgiveness,” said Jeff Cichon, Director of Financial Aid at NTC.
‘The only entity that offers legitimate loan forgiveness programs is the U.S. Department of Education. Your U.S. Department of Education loan servicer can help you apply for free.”
The latest scam looks like it is published by “Salliemaenavient” and uses various college names within the text of the ad:
Financial aid scam appearing on Facebook, targeting former students of NTC’s sister college, Lakeshore Technical College.
The ad may also appear on a mobile device and include an image of false loan information that appears to be paid in full.