Carolina Rodriguez says she's already getting emails from anxious clients worried about getting their debts forgiven before student loan payments resume in January. She's director of the"The stress is about to hit. As the weeks go by, the stress is going to be real," she says."It's a ripe environment for scammers to really prey on that kind of desperation," says Katie Paul, director of theScams were a problem even before Biden's announcement.
When asked why the administration did not wait to announce the program until the application was ready for borrowers, Cardona said,"we couldn't create an application if it hadn't been a policy that the president would have put forth." Though TTP says it alerted Google to the high level of scam ads in July, the group says it found some of the same scam ads popping up after Biden's announcement in August.
The company also said it is"committed to combating financial fraud in ads and protecting consumers from scams."Borrowers searching for information and finding scams is one thing, but scammers also seek out and find borrowers., says borrowers should monitor their email inboxes, text messages, and spam calls. Also: Be wary of anything with a time frame. Scammers will often try to convey a sense of urgency, sometimes with a false emergency, to gain access to information.
Back in New York, Carolina Rodriguez says most of her clients have been getting scams over the phone rather than email.