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Don’t pay for loan debt relief, U.S. Education Secretary warns

Student on U-M campus

Loan scam video screen shotHave student loans? You’ve probably seen social media ads, received emails, or even opened a piece of mail from companies promising to reduce your monthly loan payments or cancel your loans.

Here’s the catch. These companies are doing something you can do yourself, but they’ll charge you a fee. See more from the U.S. Department of Education, including a video from Secretary of Education Arne Duncan.