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Business

Ayana Archie

How to stay protected from student loan scammers on the prowl

Joe Biden Department of Education

This Oct. 8, 2019, photo shows the Apple Pay app on an iPhone in New York. Experts warn that digital wallet services like Apple Cash and Venmo are prime targets for scammers. (Jenny Kane/AP)

The Biden administration announced last Wednesday that it would be forgiving up to $20,000 in undergraduate student loans.

Some borrowers have already seen their accounts updated, but others will have to apply for the benefit in October.

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