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ABA: The American Bankers Association
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Get Smart about Student Loan Debt Forgiveness 2022

  • Published October 10, 2022

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Get smart about student loan forgiveness by knowing about debt forgiveness scams.

Get Smart about Student Loan Forgiveness

Graduating with debt? Scammers are a threat.

  • 58% of college students have student loan debt (2021)
  • 43 million people have outstanding federal loans
  • $95 million was lost in 2017 due to scammers charging illegal fees for false student loan debt relief schemes

If you're asked to do any of these things, get wise to the "whys":

  • Don't pay up-front costs or monthly fees
  • Don't provide your Federal Student Aid ID
  • Don't act immediately to qualify

Report Debt Forgiveness Scams

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