By Joshua Cole Little
LUBBOCK, TX--- New advertisements appearing on Facebook and social media are promising loan forgiveness for college graduates. But that promise might come with a steep price.
"It’s going to sound appealing to you. And it might get your curiosity up enough that you just might click on it," said Greg Linder with South Plains Better Business Bureau.
"What they don't tell you is there’s massive fees that sometimes go into this - anywhere from hundreds to upwards of thousands of dollars."
For some people paying the cost might sound worth it. While the deal to get rid of loans sounds great, most students are skeptical of giving their personal information.
Linder says while many of these companies say they will be able to get all loans forgiven, the reality is most will only be consolidated.
Before you decide to click on an advertisement, Linder says make sure you’re using a company that is transparent about how they promise to help.
"Definitely do your research," he said. "And know who you're dealing with."