BBB warns of student loan debt relief scams

The Biden Administration’s decision to cancel up to $20,000 of federal student loans per person is prompting a word of caution from the Better Business Bureau (BBB). The BBB’s Bao Vang says that as student loan holders navigate the new forgiveness program, con artists mayl try to take advantage of any confusion. Vang recommends…

“Get to know the terms of your student loan always do your research before sharing personal information and be sure to understand the ins and outs of your loan as well as how this relief program may impact you.”

Vang says always do your research before sharing any personal information.