Scams, identity theft and cybercrimes threaten everyone.
Every year people lose billions of dollars to scams, identity theft and cybercrime. No one is immune to these dangers. Young and old alike are victims and if you think you are too smart to become a victim, you are wrong. According to the National Association of Securities Dealers wealthy, financially literate and astute people are actually more likely to become victims of financial scams.
The key to protecting yourself from scams cybercrime and identity theft is education and that is where Scamicide.com comes in. Here at Scamicide.com you will learn how to recognize scams, cyber security threats and risks of identity theft as well as how to avoid them. Here at Scamicide.com we also alert you each and every day to the latest developments in scams, cyber security and identity theft and tell you what you need to do to protect yourself. It is a dangerous world out there, but Scamicide.com can help you make it safer.
Scam of the day – April 24, 2024 – Watch Out for Student Loan Relief Scams
More than forty-two million Americans have student loans with an outstanding balance of more than 1.4 trillion dollars so it is no surprise that scammers are focusing their attention on these students and former students through scams that falsely promise to provide debt relief. I have written numerous times in the past about various student loan debt relief scams. Recently President Biden canceled 7.4 billion dollars in student loan debt through the Biden administration’s income-driven repayment plan known as SAVE and the Public Service Loan Forgiveness program. People who will be able to take advantage of these loan forgiveness programs will be getting an email informing them of the loan forgiveness options. However, you can expect scammers posing as government officials will also be contacting people with phony loan forgiveness scams. These scammers will be asking for payments in order to qualify for the loan forgiveness programs. There are no requirements of any payments to qualify for any of these loan forgiveness programs.
TIPS
The old adage still is true. If it sounds too good to be true, it probably isn’t true. Many of these student loan debt relief scammers promise quick loan forgiveness, which is unrealistic. In addition, you should never pay any upfront fees for student loan debt relief assistance. Those fees are illegal and are a sure indication that you are being scammed. Also, remember my motto, “trust me, you can’t trust anyone.” Don’t trust scammers merely because they use names that sound like they are affiliated with the government. You also should never share your FSA ID with anyone.
For information about he Public Service Loan Forgiveness program go to https://studentaid.gov/manage-loans/forgiveness-cancellation
For information about the SAVE program go tohttps://studentaid.gov/announcements-events/save-plan
For information about loan forgiveness through the Higher Education Act go to https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info
If you are not a subscriber to Scamicide.com and would like to receive free daily emails with the Scam of the day, all you need to do is sign up for free using this link. https://scamicide.com/scam-of-the-day/
#studentloanforgiveness
RECENT BOOKS BY STEVE
