CC Dmitry Demidko
The final extension of the federal student loan payment pause runs until January 31st, a fact that scammers are well aware of.
The Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP) and the Wisconsin Department of Financial Institutions (DFI) encourage student loan borrowers to be cautious of offers from questionable student loan debt relief companies, to be aware of fraudsters taking advantage of this transition period, and to create a repayment plan now before their student loan payments are due.
Student loan borrowers should be wary of phone calls, emails, letters, and texts claiming relief from federal student loans or warning that student loan forgiveness programs are immediately expiring.
These aggressive solicitations are used to scam borrowers with fees for services that are often free, and can be used by fraudsters to steal their money and identity.
