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Anna Helhoski FILE - In this Dec. 11, 2019, file photo Virginia Tech students walk across the Drillfield in the snow in Blacksburg Va. Renewed interest in student loan forgiveness from Congress or an executive order has given fraudsters a new hook in the latest iteration of the student loan scam. Borrowers receive calls and messages urging them to pay a fee or provide private information in exchange for “Biden student loan forgiveness” or “stimulus forgiveness.” (Matt Gentry/The Roanoke Times via AP, File) Student loan scammers have a brand-new hook: “Biden student loan forgiveness” or “stimulus forgiveness.” Behind the pitch is the same old fraudster playbook, one that persuades federal student loan borrowers to pay for services they could get for free or to share personal account information in exchange for forgiveness.

Scott buchananAnna helhoskiPersis yuMichelle grajalesPublic service loan forgivenessNational consumer law centerAssociated pressInstitute of student loan advisorsConsumer financial protection bureauFeedback centerCommission bureau of consumer protectionUs department of educationStudent loan servicing allianceStudent loan borrower assistanceBorrower defenseBetsy mayotte