Most private loans charge some type of either disbursement fee or origination fee, but these are usually negotiable and vary widely from lender to lender.
If you are working with a third-party company to help you with your student loan debt, they might take a fee up front.
There are a lot of variations on this scam, but typically a borrower is referred to a law firm by a "student aid company".
This is a scam where a law firm will claim to be able to settle your student loan debt.And these companies might promise you things or advertise some type of help for your student loan debt which might entice you to call or sign up.Before you take any action with these companies, remember this: you don’t ever have to pay someone to get help with your Federal student loans if you don’t want to.Not that help is not available, but it’s up to you to decide if you want to do it on your own, or hire a professional organization to handle it for you.The fee is sometimes called processing fees, administrative fees, or consolidation fees.If you have a federal student loan, there are no fees whatsoever for student loan debt consolidation. If you have a private student loan, there are a number of lenders who will refinance your private loans, federal loans, or both.