Student Loan Repayment Warning: Top Official Highlights Key Risk

RecentNews.uk

Officials warn borrowers against using third-party debt companies charging fees for free government loan services.

Refinancing government-backed loans into private agreements can lead to a permanent loss of hardship protections and income-driven repayment plans.

Borrowers should communicate exclusively through official loan servicers or government portals.

UK graduates living or working abroad must maintain direct contact with the Student Loans Company to avoid penalty interest rates.

Have you ever been contacted by a company offering to manage or reduce your student debt for a fee?

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