The Better Business Bureau said it has received multiple reports of student loan borrowers being targeted by imposter loan forgiveness calls and emails.
The reports came in the days following President Joe Biden’s announcement that public student loan borrowers would receive up to $20,000 in debt forgiveness from the government. “You receive a call or voicemail from someone claiming to represent a new student loan forgiveness program,” the Better Business Bureau said. “To see if you qualify for forgiveness, the scammer insists that you need to complete an online application form, which asks for personal information, such as your bank account details.”The federal government said that a form will be available in early October for borrowers to apply for relief.
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