For the Hub City Times
MADISON — The Wisconsin Department of Financial Institutions (DFI) and the Wisconsin Department of Agriculture, Commerce and Consumer Protection (DATCP) are hosting free online student loan debt relief workshops January 20-21. These workshops will help student borrowers prepare for the end of the federal student loan repayment moratorium on May 1.
“With student loan payments resuming in May, it is more important than ever for borrowers to explore student loan repayment options and plan for repaying them today,” said Fund for International Development Secretary Cathy Blumenfield. “Borrowers should take some time now while payments are still paused to consider repayment options such as income-driven repayment plans, which may lower monthly payments, and check their eligibility for student loan forgiveness.”
The workshops will also show you how to avoid scams.
“As student loan payments resume, borrowers should watch out for dishonest offers of loan forgiveness or consolidation savings from debt relief fraudsters,” said Randy Romansky, DATCP Secretary. “Borrowers with questions should attend these informational workshops to learn more about the many resources that consumers can access without paying any fees.”
To join the “Student Loan Debt Relief Workshop: How to Avoid Scams, Use Free Payment Tools and Save Money” on January 20th from 6-7:30pm and January 21st from 11:30am-1pm visit datcp.wi .gov home page and see under “News Releases”.
Student borrowers can obtain additional free repayment resources at LookForwardWI.gov. Student loan borrowers who have fallen victim to fraud should report this by filing an online complaint, emailing email@example.com, or calling the DATCP Consumer Protection Hotline at 800-422-7128.