Fake Student Loan Forgiveness
While some people felt relief when President Joe Biden announced student loan forgiveness of up to $20,000, which is now in legal limbo, back in August, scammers saw opportunities.
The FTC found that some bad actors were telling people they could guarantee approval for their loan forgiveness applications or put them in the front of the line for fee. Others were trying to obtain borrowers’ sensitive personal information, such as their FSA ID, bank account number, or credit card information.
