College is an expensive investment. But you already know that. Just take a look at the amount of Americans who are in debt thanks to the hefty amount of student loans they’ve accumulated.
Because of the pandemic, the federal government has put a temporary pause on repaying those loans. For now, that pause is in effect through May 1. But it doesn’t matter when that pause ultimately expires — scammers are taking advantage of anxious, debt-ridden citizens.
For this week’s mid-valley scam alert, we’re talking about all things student loan repayment scams. In a March edition of the FBI Oregon Tech Tuesday segment, the agency offered up some tips to avoid becoming a victim of this particular type of fraud.
Crooks and con artists will try to contact you via text message, email or phone call/voicemail in an attempt to fool you into divulging sensitive information. They’ll probably tell you about the quick and easy ways you can consolidate or eliminate your student loans.
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For example, a fraudster might say, “This is (insert name) from student loan support. Our records indicate that you were eligible for a loan forgiveness program but never completed the required…
