Scammers are looking to take advantage of student loan borrowers who are eager to have their debts canceled, the government warns.
No sooner had President Biden announced the plan to cancel federal student loan debts for millions and scammers were already looking to take advantage.– No sooner had President Joe Biden announced the plan to cancel federal student loan debts for millions, and scammers were already looking to take advantage.
“Within hours of the announcement, we were getting reports from our customers that they were getting scam phone calls,” said Zulfiker Ramzan, chief scientist with Aura, a digital security company. He said the most common scheme they are seeing offers to walk someone through the process to get their money.
“Another one is people were getting targeted and asked, ‘Hey, if you want to skip ahead in the line, we can help you get your money first,’” Ramzan said.The Federal Trade Commission warns borrowers to beware of fraudulent calls, emails and text messages. They say you don’t need to pay anybody to sign up for the new program or the extended pause in payments, and nobody can get you in early or guarantee eligibility.The program isn’t even up and running yet. The U.S.
The program forgives up to $10,000 in federal loan debt and up to $20,000 for those with Pell grants as long as income requirements are met.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Student loan scams: How to protect yourself from loan forgiveness fraudWith new government aid comes new potential scammers — here's how you can protect yourself.
Weiterlesen »
Student loan scams: How to protect yourself from loan forgiveness fraudWith new government aid comes new potential scammers — here's how you can protect yourself.
Weiterlesen »
Advice | Students, don’t count on loan debt forgiveness ever happening againAdvice: This fall, millions of high school seniors will begin applying to college for the 2023-2024 academic year. One wonders if they might overextend themselves with the expectation that they, too, will someday not have to repay part of their loans.
Weiterlesen »
How many Utahns will benefit from student loan forgiveness? And how soon?Collectively, Utahns with outstanding federal student loan debt owe about $10.2 billion, or over $33,000 per person. More than 100,000 of them are eligible for relief under the plan.
Weiterlesen »
Ted Cruz Says 'Slacker Baristas' With Student Debt Could Help Dems WinSenator Ted Cruz is gravely concerned about bong-ripping baristas feeling gratitude over Biden's student loan forgiveness ... and paying it back to him with votes for Dems in November.
Weiterlesen »