Student loan forgiveness scams are surging: "Full discharge of all your federal student loans"
CBSN
Scammers are trying to prey on some of the 44 million Americans who are set to start making their first payments in more than three years.
More than 350,000 student-loan related robocalls have been placed in the last two weeks — roughly as many as in the nine prior weeks, Transaction Network Services (TNS), which analyzes calls across dozens of carrier networks to identify robocall scams, told CBS MoneyWatch.
The jump in student debt-related scams comes as the first repayments on college loans are set to resume in October, following a pandemic-era pause that began in 2020 to help borrowers stay afloat amid the public emergency. At the same time, President Biden's offer to forgive up to $20,000 in student debt per borrower was quashed by the Supreme Court, even as some other debt-forgiveness and repayment programs are moving forward, which may leave some borrowers unclear on how to proceed.
