NEW YORK — New York Gov. Kathy Hochul recently issued a warning to consumers about scammers taking advantage of the recent student debt relief plan to steal borrowers’ money and personal information.
Scammers are creating a sense of urgency by impersonating government agencies and promising immediate student loan relief. Borrowers are reminded that it’s important to stay vigilant, well-informed and prepared for any fraud related to this new relief plan. Hochul signed legislation to expand and simplify access to the federal Public Service Loan Forgiveness program statewide.
This new legislation establishes what qualifies as full-time employment for the purposes of accessing PSLF, and allows public service employers to certify employment on behalf of workers, eliminating substantial barriers to applying for and accessing the program.
“New Yorkers work hard for every dollar they earn and the student loan forgiveness plan will be critical to helping reduce the pressures of mounting debt,” Hochul said. “Unfortunately, unscrupulous individuals and scammers are using this as an opportunity to take advantage of others. Today, we’re putting scammers on notice: we will not let you take advantage of hard-working New Yorkers. I urge everyone to remain vigilant and stay informed to stop these bad actors in their tracks.”
On Aug. 24, 2022, the Biden Administration announced a three-part plan to help working and middle-class federal student loan borrowers. The plan…
