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When will your student loan be forgiven?

“If you get any emails that say they can get you student loan forgiveness for a fee or promise forgiveness is a scam. Look up your loan servicer number, call them directly, and ask them any questions you may have,” said Betsy Mayotte, President of The Institute of Student Loan Advisors.

The place to go if you have a question about your loan, who your servicer is, or what your payment is StudentAid.gov.

Mayotte says you should expect to hear about monthly emails going out that automatically forgive loans for those borrowers who are enrolled in the SAVE plan, have made at least 10 years of payments, and borrowed $12,000 or less originally.