ALBANY, N.Y. (NEWS10) – Although the Department of Education (DOE) extended the student loan payment pause until Aug 3. A broader federal student loan debt forgiveness program for all borrowers has not been announced. DOE warns that student loan debt relief scammers are already on the rise.
According to the DOE, scammers are offering a promise of a loan forgiveness program that most people will not qualify for. They might say they will wipe out your loans by disputing them but in fact, they can not get you into a qualifying forgiveness program they noted.
To steer clear of a student loan forgiveness scam, know this:
- There are specific federal loan forgiveness programs including Public Service Loan Forgiveness (PSLF) and the Teacher Loan Forgiveness programs, and even a Public Service Loan Forgiveness limited…