A scam tracker operated by the Better Business Bureau has reported almost 300,000 fraudulent calls so far.
Leah Napoliello of the Better Business Bureau of Greater Houston and South Texas said scammers, sometimes armed with detailed information about people and their loans, have already gotten money out of student borrowers.
One consumer reported their experience. "My daughter received a voicemail from 'the Biden Student Loan Forgiveness Program.' She returned the call and spoke with 'Peter,' who asked for her email address and telephone number. He asked if she wanted to see if she qualified for the loan, but when we started asking him questions, he got frustrated and ended the call," they said.
Most of the student loan scams reported are government imposters. The caller might give an ID, badge number, and the last four digits of your social security number. They tell you that you have money owed and could face jail time if payment is not received.To avoid any scam involving student loan forgiveness, you can follow these tips below:
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