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Students should beware of loan repayment companies

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If you owe money on federal student loans, you should be wary of sales pitches from companies offering to help borrowers lower their payments, warns the Kentucky Higher Education Assistance Authority (KHEAA).
Such companies charge fees — sometimes high fees — for filling out forms that you can do for free.
Many will want to charge monthly fees for monitoring your loans.
Again, you can do that for free.
The best place to start is the servicer that the U.S. Department of Education (ED) has assigned your loan to.


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The Henry County Local | circulation@hclocal.com | 502-845-2858
18 South Penn, Eminence, KY 40019
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