BBB sees increasing number of scams regarding student loan consolidation

GREEN BAY, Wis. (WBAY) – College students are always looking to save money, but a wave of scam reports should have anyone who is paying off student loans should be extra cautious.

The Better Business Bureau (BBB) of Wisconsin has had an alarming number of reports about student loan consolidation scams.

“We are seeing a whole lot of scam tracker reports – in Wisconsin especially – about false promises to consolidate student loan debt. People are receiving text messages apparently for this,” says Susan Bach of the Wisconsin BBB. “Report those to scam tracker, we’re tracking them very vigilant, we want to make sure people (are) aware of that in the area because it is happening to Wisconsinites. Again, if you are interested, or need to consolidate your student loan debt, go to a legitimate government website, whish is studentaid.gov.”

Another heads up for consumers – be careful about how much you’re sharing online when posting back to school…