With Scam Calls on the Rise, Here’s How to Identify Student Debt Relief Scams, Avoid Fraud

"If you keep getting calls or voicemails demanding you to “apply for student debt relief before the program is discontinued,” you are likely the recipient of a scam call — don’t pick up," The Dallas Morning News reports.

..."The one-time cancellation program could waive up to $20,000 in student loan debt for eligible borrowers. And while U.S. Department of Education officials said it expects an application form to go live sometime in October, a court case challenging the initiative could delay when borrowers actually get relief, potentially making them more vulnerable to scams.

'Unfortunately, many aspects of financial aid for students are the target of scammers and bad actors primarily because it’s so prevalent in the news that these bad actors see an opportunity to potentially make some illegal money,' said Dana Kelly, vice president of the professional nonprofit group, National Association of Student Financial Aid Administrators."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 10/12/2022

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