Beware of the Loan Rescue Calls - AMP | Achieving Maximum Potential

Beware of the Loan Rescue Calls


Beware of “loan rescue,” new college graduates told

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.”

“These companies can’t do anything for you that your federal student loan servicer can’t do—for free,” said Carolyn Small, postsecondary registration administrator for Iowa College Aid.

When contacted about student loan assistance, here are some warning signs student loan borrowers should watch for:

  • Direct solicitations via postal mail, e-mail, text, or phone
  • Requests for payment in advance
  • Guarantees of loan forgiveness, especially immediate forgiveness
  • Requests for your Federal Student Aid ID (FSAID) or requests to create one on your behalf

More information about Iowa’s student loan forgiveness and repayment programs is available from Iowa College Aid. Information about federal programs is available from Federal Student Aid.  More information about student “loan rescue” scams is available from the Iowa Attorney General.

FAFSA issues? Try these tips

We’re just over a week into the 2019-20 FAFSA filing cycle. While a new mobile app and a site redesigned to be mobile-friendly were expected to make the process easier this year, the first week was plagued by technical difficulties. If you ran into these issues, here are the workarounds: 

FAFSA site ( not loading: Clear your browser cache. If that doesn’t work, try a different browser.

IRS Data Retrieval Tool not working on mobile app: Entering data manually will increase your chances of being selected for verification. If the DRT won’t work on the app, switch to the website.

FAFSA not directing to the Iowa Financial Aid Application: Users have reported that the federal application is not linking properly to individual state applications. You can access the Iowa Financial Aid application directly at

Which jobs are “robot-proof”?

At least one-third of the tasks in about 60 percent of jobs could be automated in the next decade, according to consulting firm McKinsey & Company. The most vulnerable jobs are low-skill positions in very structured and predictable settings, such as cashiers, office clerks and drivers. Parts of white-collar jobs that involve collecting and processing information, like paralegal and accounting work, are also vulnerable. However, some jobs appear to be “robot-proof” for now, according to the Georgetown University Center on Education and the Workforce. 

Jobs that involve decision-making, problem-solving, a flexible mindset and an ability to multitask aren’t easily replaced by technology. “For the most part, a bachelor’s degree has a higher probability of giving you automation protection,” said Megan Fasules, an assistant professor and research economist at the center who compiled the data. “So even if my job has a degree of automation, a bachelor’s degree might allow me to have the skills to adapt to changes more easily.”

Best robot-proof jobs with a certification or 2-year degree

  • Bus and truck mechanics
  • Diesel engine specialists
  • Line installers and workers

Best robot-proof jobs with a bachelor’s degree or higher

  • High school teachers
  • Occupational therapists
  • Special education teachers
  • Aerospace engineers
  • Nurse practitioners
  • Nurse midwives
  • Writers and authors


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