If you keep getting calls or voicemails demanding you to “apply for student debt relief before the program is discontinued,” you are likely the recipient of a scam call — don’t pick up.
It’s been almost two months since President Joe Biden announced his plan for student loan forgiveness, and scam calls have been on the rise ever since, luring borrowers to pay fake application fees and provide personal information for their financial gain.
The one-time cancellation program could waive up to $20,000 in student loan debt for eligible borrowers. And while U.S. Department of Education officials said it expects an application form to go live sometime in October, a court case challenging the initiative could delay when borrowers actually get relief, potentially making them more vulnerable to scams.
