New bait for scammers
Student loan forgiveness is welcome news for many people with college debt, but it's new bait for scammers.
Just days after President Joe Biden announced a plan to forgive some federal student loans, scammers jumped into action with phone calls like this:"I'm just giving you a call in regards to your student loan. I do have you pre-qualified here for the updated forgiveness program and possibly even loan discharge. It is imperative that we go over the details as soon as possible just because it does look like your status will expire soon."
Scam calls like that were circulating even before the loan forgiveness plan was announced, but now they will get more attention.
Here's what you need to know:
There is currently nothing you can do right now.The U.S. Department of Education is still working on the details of the loan forgiveness plan, which will be announced in a few weeks.