Don't pay for student loan forgiveness.
” If you didn’t get student loan forgiveness, you may be tempted to pay a company to help you with student loan forgiveness. Why? The lack of wide-scale student loan cancellation has resulted in some student loan borrowers becoming victims of potential scams involving student loans. Here’s what you need to know so you don’t lose money:If someone promises you “Biden student loan forgiveness,” it’s a scam. The term “Biden student loan forgiveness” refers to student loan forgiveness through the U.
A typical scam is for a company — usually through an email or ad — that promises to cancel your student loans through the Biden student loan forgiveness program. Here’s the thing: there is no Biden student loan forgiveness through a company. This scam sounds like the Public Service Loan Forgiveness program, which Congress created and President George W. Bush, not Biden, signed into law in 2007. However, only the U.S.
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