"FBI Warning: Beware of Student Loan Forgiveness Scammers"

The FBI has issued a warning that cybercriminals and scammers may begin to target former students seeking debt relief through US President Joe Biden's student loan forgiveness program. The US Department of Education will provide "targeted student debt cancellation to borrowers" with loans held by the US Department of Education under the Student Loan Debt Relief Plan (2022 SDRP) for individuals with incomes less than $125,000 or joint filers with incomes less than $250,000. The application period for the student loan forgiveness program has been opened. The FBI is warning about a scam involving cybercriminals and fraudsters claiming to provide access to the Federal Student Loan Forgiveness program. It warns that fraudsters may contact potential victims via phone, email, text, websites, or online chat services. Cybercriminals and fraudsters use their schemes to collect payment for services they will not provide or to collect victim information to facilitate various other crimes. Payment is never required for entry into or assistance with any federal student aid program administered by the Department of Education or their trusted partners, according to a public service announcement issued by the FBI's Internet Crime Center. This article continues to discuss the FBI's warning of possible student loan forgiveness scams carried out by cybercriminals and fraudsters.

ZDNet reports "FBI Warning: Beware of Student Loan Forgiveness Scammers"