8 People Shared How Scammers Tried To Use "Student Loan Forgiveness" Against Them, And Here's How You Can Tell They're Not Legit
·9 min read
Recently, the Federal Trade Commission (FTC) issued a warning that scammers are taking advantage of the new student loan forgiveness plan by targeting borrowers who are desperate for relief. And sure enough, on subreddits like r/Scams, people are sharing stories about how these predatory scammers tried to use their debt against them.
Did you hear about the student loan announcements? Scammers did, too. Never pay up front for student loan forgiveness. Only scammers will charge you in advance. Report them at https://t.co/gGdaxxrxVw. More: https://t.co/zMo3lUMt3N #studentloans #studentloanforgiveness
2.And nobody legitimate is calling people to offer student loan forgiveness right now. If you get phone calls about anything student loan related, hang up and call your servicer directly, because the person who called you was most likely a scammer.
3.Scammers aren't just working the phones. Unfortunately, you might also find a student loan scam in your mailbox, too.
4.Scammers might try and trick you into thinking they're affiliated with the government by using government logos and name-dropping agencies. Don't respond to them, and only work with your loan servicer or Federal Student Aid directly.
5.You won't have to pay for student loan forgiveness, so anyone who tries to charge you for it is a scammer.
6.They might already have some of your information, and they'll use it to appear legit and trick you into revealing even more by "confirming" things like your social security number. So don't confirm anything — hang up the phone and only talk with your student loan servicer directly.
7.Your chance at student loan forgiveness is not about to expire (the application isn't even open yet, remember). So anyone who says you have to act now or you'll lose it forever — you guessed it — that's a scammer.
8.In some cases, scammers are even going after people who've paid off their loans in full and trying to scare them into thinking that they still owe.
And if you have mistakenly given your information to a student loan scammer, Federal Student Aid advises contacting your loan servicer and your bank and/or credit card company immediately to make sure there isn't any fraudulent activity.
Freezing your credit is another great free way to keep scammers from setting up new accounts in your name.
Have you been contacted by a student loan forgiveness scammer? Tell us about it in the comments.
Merely thinking about or seeing someone yawn can make you yawn (you’re probably yawning right now). Most people yawn because they’re tired, but it can also happen unexpectedly and without any triggers. While yawning is typically harmless and only lasts about five to 10 seconds, when it occurs excessively it can actually be a symptom of a serious condition. So why exactly do we yawn? And why is it nearly impossible to stifle a yawn when someone does it in front of you? Watch the video above — and read more here — to find out.