The White House announced its plan to protect borrowers from scammers as the administration gears up to roll out its application for student loan forgiveness.
Students study in the Rice University Library in Houston on Aug. 29 . Photo: Brandon Bell/Getty Images
The White House announced Wednesday its plan to protect borrowers from scammers as the administration gears up to roll out its application forThe efforts include "educating borrowers about how to protect themselves against scams and accelerating efforts to share scam complaints with states," the White HouseOne of the "most critical ways to prevent scams" is "developing a clear, simple, and secure site for borrowers to apply for debt relief and have the most up to date...
The administration also said that it plans to release student debt relief "Do's and Don'ts" to help borrowers avoid potential scams. The White House also said it will work across the government and with states to "analyze trends in scam complaints in real-time, sharing this information with states to combat scams."The effort comes as the Biden administration plans to launch the application for student loan forgiveness this month.
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