FBI warns of student loan debt forgiveness scams
President Joe Biden speaks about the student debt relief portal beta test as Education Secretary Miguel Cardona listens in the South Court Auditorium on the White House complex in Washington, Monday, Oct. 17, 2022. The FBI warns that those seeking loan forgiveness may be targeted in scams.
October 21, 2022
The university and the Federal Bureau of Investigation are warning students to be aware of fraudulent websites, emails, texts or phone scams aiming to deceive those seeking federal loan forgiveness. The FBI reported that scammers are trying to solicit personally identifiable information, like a social security number, passport number or driver’s license number as well as financial information or payment.
The recently released Student Loan Debt Relief Plan, which will provide targeted student debt cancellation to borrowers with loans held by the US Department of Education. This relief plan is income based giving up to $20,000 of debt cancellation for Pell Grant recipients and up to $10,000 for non-Pell Grant borrowers.
