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Due to the uptick in student loan forgiveness scams, the FTC has sent more than $4.1 million in refunds to borrowers who lost money to scammers. ... The application will be free and easy to use ...
Despite these scams, student loan forgiveness is offered by the DOE for certain individuals. More information can be found on the department website . How scammers try to con student loan borrowers
President Joe Biden announced the much-anticipated administration's plan for student loan forgiveness on Aug. 24. and the online application will soon be available. However, the administration is ...
"Hey, it's Elizabeth with Student Advisors," a warm, professional voice began in a voicemail left on Sept. 13, weeks after the Biden administration announced it would be offering up to $20,000 in ...
Also in August, the FTC shut down additional scams operations that falsely promised to reduce or eliminate student loan payments under "Biden Loan Forgiveness," even though the president’s up to ...
As of this year, Americans now owe $1.77 trillion in federal and private student loan debt and while the Biden administration tried to decrease that amount, the Supreme Court issued a decision ...
Many scams attempt to imitate government services in order to gain access to your personal and financial information. Others pretend to offer help to vulnerable individuals with solutions to their...
Within hours of President Biden’s announcement of the federal student loan forgiveness program, people were being bombarded by scammers through a variety of means including phone calls, emails ...