The Federal Trade Commission issued a notice in July warning against giving away student loan information.
Federal and state officials are warning about scammers taking advantage of uncertainty around the future of student loans after the Supreme Court issued a landmark ruling striking down President Joe Biden’s forgiveness plan.
„If you have federal student loans, you’ve probably heard about the Supreme Court decision and know that repayments are restarting in October,“ the Federal Trade Commission wrote in a notice after the decision. „But you might also be hearing from scammers who take advantage of confusion around big news like this.“
The FTC provided several suggestions to avoid getting bilked by scammers:
Don’t pay for help accessing student loans as „there’s nothing a company can do that you can’t do yourself for free.“
Avoid giving out your Federal Student Aid login
Don’t trust anyone promising debt relief or loan forgiveness, even if they claim they’re with the Department of Education
The Federal Communications Commission has also warned Americans about any offer that directs to „any website outside of StudentAid.
