HARRISBURG – A warning has come from PHEAA to borrowers to be aware of a new wave of scams taking advantage of confusion surrounding President Biden’s plan to forgive up to $20,000 in federal student loans. Scammers try to reach borrowers via social media, text messages, emails or phone calls. They are skilled at posing as government representatives and may even have look-alike government websites and logos to trick unsuspecting victims. Some red flags include the scammer claims to be with the U.S. Department of Education or a federal loan servicer, but does not have your loan details readily available. Scammers ask you to provide personal information; they call, text or email you out of the blue; pressure you to decide quickly; charge upfront fees for services provided free; and encourage you to cease communicating with your loan servicer. If you think you may be a victim: cancel your payments, contact your servicer, and contact the PA Attorney General’s Office.
