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BBB Alert: Con artists have your FAFSA details. The student loan forgiveness scam gets a new twist.

Student loan holders, be wary of out-of-the-blue calls. The rollout of the Biden Administration’s plan to cancel some federal student loan debt has begun, and scammers are finding convincing ways to take advantage of any confusion. Victims are telling BBB Scam Tracker about a loan forgiveness scam where the caller has their Social Security number, graduation date, and even Federal Student Aid information. How this scam worksYou receive a call or voicemail from someone claiming to represent the new student loan forgiveness program. The scammer insists they can help you secure tens of thousands of dollars in loan forgiveness. Continue Reading →

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