MILWAUKEE (CBS 58) — Students are back in class at Marquette University. As the fall semester begins, a word of caution about the federal student loan forgiveness program.
The Better Business Bureau of Wisconsin’s monitoring for scams related to student loan forgiveness. So far, none are reported in Wisconsin, but a BBB spokeswoman expects that to change.
“We know that con artists will undoubtedly be there to take advantage of any confusion and there is confusion, and it happens with any big government initiative,” said Lisa Schiller, spokesperson for the Better Business Bureau of Wisconsin.
On the Marquette campus, there’s a buzz about the promise of $10,000 as this first day of classes finishes up.
“It would honestly help me so much,” said Kimberly Kokotis, Marquette University junior.
Kimberly Kokotis is studying to be a nurse. Loans are getting her there, but paying back the money could be difficult.
“Because it keeps adding up and I’m still a junior. So I still have to go through senior year and pay through all of that,” said Kokotis.
The Biden administration’s $10,000 federal student loan forgiveness program has a lot of unknowns right now. In searching online for help, the BBB says be wary of what you may find.
“Scammers often make up lookalike government websites. …
