Student loan scams are common, especially as confusion remains over if and when student loans will be forgiven on a nationwide scale by the Biden administration. The COVID-19 pandemic has hit some people hard financially, and some borrowers may be seeking relief any way they can find it. 

Scammers might promise a path to forgive your loans completely and immediately. But most government programs require several years of payments in an eligible field of employment before you qualify for forgiveness. Some scammers might promise “Biden loan forgiveness” or “stimulus forgiveness,” but these programs don’t exist. 

Here’s what you can do to spot scams and find real paths to forgiveness. 

What tactics do scammers use?

A scammer might offer to help you consolidate your loans, pause your payments, or change your repayment plan — for an upfront fee. You can access this help yourself for free by…

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