It’s been nearly three months since President Joe Biden and the US Department of Education launched the initiative to forgive up to $20,000 of student loan debt. Although the plan is now caught in legal limbo, borrowers can still apply for relief. However, where there are government relief programs, there are almost always scammers looking to exploit relief-seekers.
The FBI issued a warning in October saying that scammers might be targeting people applying for student loan forgiveness. And in August, the Federal Trade Commission began issuing more than $822,000 worth of checks to borrowers who lost money in a debt-relief scam from a group called Student Advocates. The FTC advised the nearly 15,000 check recipients to reach out to the agency for verification if needed.
“Consumers who receive checks should cash them within 90 days, as indicated on the check. Recipients who have questions about their refund should call the refund administrator, JND Legal Administration, at 877-540-0989. The commission never requires people to pay money or…
