ANDERSON — College graduates are navigating many life changes, and scammers are eager to take advantage of their inexperience.
The Better Business Bureau has released the following tips to help new grads avoid common scams:
Know the terms of your student loans
One of the most common ways scammers target college graduates is with fake loan forgiveness opportunities. You may receive an unsolicited email, phone call or text message stating that you can qualify for lowered payments through a debt forgiveness program.
Scammers may also contact college grads regarding student loan repayment hiatus in response to COVID-19. See the latest U.S information on loan repayment. Scammers may claim that to take advantage of the program, you need to complete a form or pay a fee. In reality, you may not need to do this, so check facts before giving anyone your information.
Be wary of unsolicited messages about unpaid tuition
Some con artists contact graduates or their parents claiming some of their tuition was left unpaid. If it isn’t paid immediately, the graduate’s degree will be revoked. Scammers may ask you to send money via wire transfer or prepaid debit cards.
Government agencies, as well as most higher education facilities, will contact you by mail initially. If you aren’t sure if a message is legitimate, do some…
