09-06-2022, 02:32 AM
Another Scam:
Don't Fall For Them: Alert Issued For Student Loan Forgiveness Scams
Michael Mashburn 09/05/2022 1:30 p.m.
Authorities are warning of scammers preying on those with student debt.
Authorities are warning of scammers preying on those with student debt. Photo Credit: Pixabay/QuinceCreative
Days after President Biden announced a sweeping plan to forgive thousands of dollars in federal student loans, authorities are warning of scammers preying on those with student debt.
Several police agencies around the country are urging people to be on the lookout for “red flags” that may indicate a would-be scammer.
Among them are promises to get student borrowers even more money, or claims they can get a borrower their money faster, police said.
Wall St. Legend Warns: "Move Your Money in 2022"
By Chaikin Analytics
The Federal Trade Commission (FTC) put out a statement telling student loan borrowers they don’t need to do anything or pay anybody to sign up for the new program.
“Nobody can get you in early, help you jump the line, or guarantee eligibility,” the agency said. “And anybody who says they can — or tries to charge you — is (1) a liar, and (2) a scammer.”
Biden's relief plan will provide up to $20,000 in debt cancellations to those who received Pell Grants with loans held by the Department of Education, and $10,000 in cancellation for non-Pell Grant recipients.
The FTC said the Department of Education is working out the details of the new plan and would notify borrowers when the process has officially opened.
In the meantime, police have outlined several tips borrowers can take to avoid falling victim to scammers. They include:
Don’t agree to pay anyone for assistance in obtaining this relief.
Don’t provide personal or financial information in response to unsolicited emails, phone calls, or texts either purportedly from the federal government or a company claiming to be able to assist you with obtaining the announced relief.
Beware of student loan debt relief companies that ask for fees up front or claim they’ll eliminate all of your debt immediately.
Don’t be rushed. To get you to act fast, scammers say you could miss qualifying for repayment plans, loan consolidation, or loan forgiveness programs if you don’t sign up right away. Take your time and check it out.
Don’t give away your FSA ID. Some scammers claim they need your FSA ID to help you, but don’t share it with anyone.
Review your financial aid offers and keep track of the amounts you applied for and received.
Keep receipts and documents with personal information in a safe place, and shred them when you are finished with them.
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Or, man up and pay your damned student loan. I would go a year and then work two full time jobs for the next year. I turned down a full scholarship in tenth grade to a school for writers as I needed all A's in School I was afraid my age would cuz me to have lower grades. And i just did things my way.
I started at one college in my state. and five colleges later, in differing states, i returned to my first college to finish that degree.
But I could do this whilst running a law/tax office with me father. It had to be done.
This jackal whom is forgiving student debt is certainly doing these youngins no favor. Life is about paying one's way. And learning. Had we known they were learning crapadoodle stuff, hating on us and our country, we would not have allowed our children to go to colleges and thereafter.
Why do you all think its AOK to destroy our country so you don't have college debt and can therefore buy homes, FJB confirmed. Most of us still cannot afford to buy homes, Dufus.
Don't Fall For Them: Alert Issued For Student Loan Forgiveness Scams
Michael Mashburn 09/05/2022 1:30 p.m.
Authorities are warning of scammers preying on those with student debt.
Authorities are warning of scammers preying on those with student debt. Photo Credit: Pixabay/QuinceCreative
Days after President Biden announced a sweeping plan to forgive thousands of dollars in federal student loans, authorities are warning of scammers preying on those with student debt.
Several police agencies around the country are urging people to be on the lookout for “red flags” that may indicate a would-be scammer.
Among them are promises to get student borrowers even more money, or claims they can get a borrower their money faster, police said.
Wall St. Legend Warns: "Move Your Money in 2022"
By Chaikin Analytics
The Federal Trade Commission (FTC) put out a statement telling student loan borrowers they don’t need to do anything or pay anybody to sign up for the new program.
“Nobody can get you in early, help you jump the line, or guarantee eligibility,” the agency said. “And anybody who says they can — or tries to charge you — is (1) a liar, and (2) a scammer.”
Biden's relief plan will provide up to $20,000 in debt cancellations to those who received Pell Grants with loans held by the Department of Education, and $10,000 in cancellation for non-Pell Grant recipients.
The FTC said the Department of Education is working out the details of the new plan and would notify borrowers when the process has officially opened.
In the meantime, police have outlined several tips borrowers can take to avoid falling victim to scammers. They include:
Don’t agree to pay anyone for assistance in obtaining this relief.
Don’t provide personal or financial information in response to unsolicited emails, phone calls, or texts either purportedly from the federal government or a company claiming to be able to assist you with obtaining the announced relief.
Beware of student loan debt relief companies that ask for fees up front or claim they’ll eliminate all of your debt immediately.
Don’t be rushed. To get you to act fast, scammers say you could miss qualifying for repayment plans, loan consolidation, or loan forgiveness programs if you don’t sign up right away. Take your time and check it out.
Don’t give away your FSA ID. Some scammers claim they need your FSA ID to help you, but don’t share it with anyone.
Review your financial aid offers and keep track of the amounts you applied for and received.
Keep receipts and documents with personal information in a safe place, and shred them when you are finished with them.
Click here to follow Daily Voice Nassau and receive free news updates.
Share this story
Or, man up and pay your damned student loan. I would go a year and then work two full time jobs for the next year. I turned down a full scholarship in tenth grade to a school for writers as I needed all A's in School I was afraid my age would cuz me to have lower grades. And i just did things my way.
I started at one college in my state. and five colleges later, in differing states, i returned to my first college to finish that degree.
But I could do this whilst running a law/tax office with me father. It had to be done.
This jackal whom is forgiving student debt is certainly doing these youngins no favor. Life is about paying one's way. And learning. Had we known they were learning crapadoodle stuff, hating on us and our country, we would not have allowed our children to go to colleges and thereafter.
Why do you all think its AOK to destroy our country so you don't have college debt and can therefore buy homes, FJB confirmed. Most of us still cannot afford to buy homes, Dufus.
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