Reports of scammers claiming to offer student loan forgiveness are on the rise after Biden’s student debt relief announcement. Here’s what to look out for.
Nearly 43 million Americans are eligible for student loan relief, according to White House estimates. To scammers, that means a big pool of potential victims.
After the Biden administration announced its plan to forgive some federal student loan debt, several VERIFY viewers reached out to our team about suspicious calls they recently received from people claiming to offer student debt relief.
Antonietta sent us a text that said someone called her saying she needed to pay $1,600 upfront to forgive her student loans. Leslie said in an email that she got a call from someone offering her student loan forgiveness and restructuring. They both want to know if these are scams.
Here are five key things to look out for in student loan scams.
THE SOURCES
WHAT WE FOUND
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