Sept. 29, 2022
SALEM – The Oregon Division of Financial Regulation (DFR) is warning people about the uptick in student loan scams. With recent changes to federal student loan programs, scammers are bombarding borrowers with fraudulent offers for loan forgiveness and refinancing.
The division reminds people to ignore phone calls, emails, social media messages, and other unsolicited messages from people claiming they can help you get your student loans forgiven faster or telling you that you should refinance your loan. Do not accept these unexpected offers without first checking to see if the offer is legitimate. Chances are it is a scam. Scammers may use the phrases such as “pre-enrollment for all loan forgiveness” or “you must apply within the next 24 hours.”
“There are no fees associated with signing up for student loan forgiveness, so don’t fall for these scams,” said TK Keen, administrator for DFR. “Everyone will have the same opportunities and there are no ways to cut in line and get loans forgiven faster.”
There are recent and upcoming changes to federal student loans and
forgiveness of loans, as well as the Biden Administration’s
one time cancellation. With those changes, unfortunately, there are people who will prey on those…
