PIERRE, S.D.(KCCR)- The Better Business Bureau is warning that scammers may grab onto to the recent news that some federal student loans may be forgiven. Jessie Schmidt with the B-B-B in South Dakota says it’s best to let things play out first with the forgiveness programs.
Schmidt says one red flag is anyone reaching out to you about loan forgiveness.
Schmidt says organizations that work with the federal student loan system will already have your personal information, because you gave it to them.
To protect yourself from college loan scammers research lenders first; report it if you think someone has attempted to scam you and remember that only scammers promise fast loan forgiveness.