Warning to Students and Parents Regarding Debt Relief Scams

February 15, 2016

It has come to our attention that companies offering student debt relief have targeted our students and alumni through social media. Many such companies are scams and the U.S. Department of Education and the Consumer Financial Protection Bureau have issued warnings about them.   

Solicitations mentioning FIDM contain false, misleading and defamatory statements about our college. We believe these ads are unlawful and violate both federal and state law. We appreciate that our students have brought these ads to our attention and we are pursuing  legal action against these firms. Since 1969, FIDM has consistently placed students first and this remains our top priority today.

Learn more: 

Read the U.S. Department of Education’s warning regarding loan forgiveness scams.

Watch a short video about debt-relief scams from former Secretary of Education Arne Duncan 

4 Warning Signs that a Student Loan Debt Relief Company May Be Trying to Rip You Off (via The Consumer Financial Protection Bureau) 

Consumer Advisory: Student loan debt relief companies may cost you thousands of dollars and drive you further into debt

CFPB Takes Action to End Student “Debt Relief” Scams

If you took out federal student loans to pay for college, you never have to pay to get help managing your student loan debt. The U.S. Department of Education provides free assistance to help you. 

If you encounter any messages of this nature, please let FIDM know so we can take appropriate action. For any questions, please don’t hesitate to contact us directly at 800-624-1200.

Categories: Alumni News