When it comes to college and student loans, Ebony Smith’s learning curve has been steep.
“I am 20 years old, and I go to school at the University of Arizona Global Campus while I work part-time at Sephora,” said Smith. “I thought I was getting some help.”
The possibility of student loan forgiveness came onto the Denver resident’s radar because of President Joe Biden’s campaign promise.
“I thought it was gonna be that the loans were going to be forgiven totally,” said Smith.
So when she received a call saying she had qualified for student loan forgiveness, she thought it was legitimate.
Denver woman loses hundreds of dollars in student loan forgiveness scam
Smith agreed to have hundreds of dollars in payments taken directly from her account.
“I thought it was going directly towards my loans, which they said they were,” she said. “But then I found out none of it had been paid. It was very heartbreaking.”
In May, the Federal Trade Commission warned about an increasingly popular con in which scammers promise loan forgiveness for all, which does not exist yet.
The reality is most of the calls promising loan forgiveness may not really be about paying off your loan.
The company that contacted Smith, Las Vegas-based Student Loan Doc, did not respond to Contact Denver7’s requests for comment, but it has an F rating with the Better Business Bureau and dozens of complaints in the last year. The company claims that it is merely a document…
