BBB gives advice regarding federal student loan cancellation
BUFFALO — The Biden Administration’s recent announcement the federal government will cancel up to $20,000 of federal student loans per person is prompting the Better Business Bureau to warn of possible scams. As student loan holders navigate the new forgiveness program, con artists will undoubtedly be there to take advantage of any confusion. It happens with any big government initiative, including the COVID-19 vaccine roll-out, eviction moratorium, and pandemic relief programs. Tips to avoid student loan forgiveness scams include: ¯ Get to know the terms of a student loan ...