Student loan scams: How to protect yourself from loan forgiveness fraud

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With new government aid comes new potential scammers — here's how you can protect yourself.

Attorney General’s Office and the U.S. Department of Education on how to avoid potential student loan forgiveness scams and theft.Don’t provide your personal or financial information in response to unsolicited emails, phone calls, or texts either purportedly from the federal government or a company claiming to be able to assist you with obtaining the announced relief.Don’t be rushed.

Don’t give away your FSA ID. Some scammers claim they need your FSA ID to help you, but don’t share your FSA ID with anyone. Dishonest people could use that information to get into your account and steal your identity.Keep receipts and documents with personal information in a safe place, and shred them when you are finished with them.

Beware of student loan debt relief companies that ask for fees up front or claim they’ll eliminate all of your debt immediately.The Associated Press contributed to this report. that I have read and agree

 

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If they fell for the loans, they’ll fall for the scams.

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Student loan scams: How to protect yourself from loan forgiveness fraudWith new government aid comes new potential scammers — here's how you can protect yourself. This is scamming every taxpayer. Thanks a lot, Brandon!
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What If You Just Paid Off (Or Paid Down) Your Federal Student Loans?Student loan forgiveness in this situation is complicated, especially if you made payments after March 2020. There is no such thing as loan 'forgiveness.' It is a loan TRANSFER placed upon many Americans that weren't fortunate enough to go to college. Nelnet told me I wasn’t eligible for the pause, so I kept paying. Now they say I’m not eligible for the reimbursement…
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Advice | Students, don’t count on loan debt forgiveness ever happening againAdvice: This fall, millions of high school seniors will begin applying to college for the 2023-2024 academic year. One wonders if they might overextend themselves with the expectation that they, too, will someday not have to repay part of their loans. Colleges will increase tuition by $10k We’re being fleeced by democrats buying votes DO NOT FALL for the false 'american dream' Payday loan structured LOANS plan. Learn from my experience! LESS College/MORE trades!! I could see forgiving the interest on these loans, but why should the taxpayers front the bill for individuals that are lacking in responsibility and show no accountability for their actions.
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How many Utahns will benefit from student loan forgiveness? And how soon?Collectively, Utahns with outstanding federal student loan debt owe about $10.2 billion, or over $33,000 per person. More than 100,000 of them are eligible for relief under the plan. But BasedMikeLee said this was only going to benefit Californians living in their Hollywood producer dad's basement with PhDs in Gender Studies! You mean to tell me this is actually benefiting 100,000 Utah voters? waytogobrandon What is the total amount of PPP loan forgiveness in UT? Total amount of bankruptcies by state legislators?
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What the Tech? Student Loan Forgiveness May Lead to Scams - Alabama NewsYou can bet scammers will use the new Student Loan Forgiveness Program to take money from people who are hoping to get their loans forgiven. whatthetech studentloans studentloanforgiveness alabamanewsnetwork
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