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Consumer Focus Monthly Newsletter: New college grads: Beware of 'loan rescue'

Attorney General, Iowa College Aid offer help identifying legitimate loan forgiveness assistance 

With federal student loans about to come due for many 2018 college graduates, Iowa College Aid and the Iowa Attorney General’s Office are warning students to beware of “loan rescue” organizations. Such organizations promise help arranging federal student loan forgiveness or other loan benefits in exchange for an up-front fee, with many companies also charging an ongoing, monthly “maintenance fee.”

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