Security News > 2022 > October > FBI: Looking for Biden's student loan forgiveness? Watch out for these scams

In what can only be described as inevitable, the FBI is warning those eligible for student loan debt relief to keep an eye out for scammers trying to take advantage of President's Biden program.

The White House announced limited student loan debt forgiveness in August, with qualifying individuals and joint filers each able to get up to $10,000 of student loan debt forgiven, or double that amount if the person was awarded Pell grants for low-income students.

The objective of student loan forgiveness scams are likely familiar: the FBI said fraudsters intend to either get paid for a service they've no intent to render, or to collect personally identifiable information for use in future crimes.

"Student loan debt relief scammers are already here. But a federal student loan forgiveness program for all borrowers is NOT," the FTC said ahead of the official launch of the Biden-Harris forgiveness program.

The New York Times took notice of student loan debt forgiveness scams in September, and provided many of the same tips the FBI is now advising students to consider to avoid falling victim.

Finally, if you apply for loan forgiveness and get sent an email, you might want to check the headers to see that the message came from a genuine source.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/10/19/fbi_warns_student_loan_forgiveness/