Scammers Are ‘On the Move' Now That the Student Loan Forgiveness Application Is Live, Warns FTC. Watch Out for 5 Red Flags
borrowers applying for debt relief ought to watch out for, according to the FTC.Don't give your information to a third party offering to apply on your behalf. Apply directly atRight now, the application is online only. There will be a paper application available at a later date."And anyone who guarantees approval or quicker forgiveness: scam, scam, scam.
. When the Education Department starts processing applications, some applicants will have to verify their income — but not at the time they apply, the FTC said.Once you apply for forgiveness, expect e-mail updates from the Education Department, the FTC said. The agency may ask you to upload tax documents verifying your income or may be giving updates on your application.
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