Scammers are making use of college student mortgage forgiveness as bait, FTC warns. Right here are recommendations to shield yourself

Critical Details

President Biden introduced a approach to forgive up to $20,000 in federal college student personal debt for borrowers who received a Pell Grant and up to $10,000 for all those who didn’t, underneath specific earnings boundaries.
Scammers will likely leverage the information to defraud unsuspecting debtors.
This is what to know to prevent a scholar loan forgiveness scam.

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