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Recent Increase in Debt Relief Scams

A wave of student loan debt relief scams are targeting student loan borrowers following the announcement of student debt relief by the President. HESC advises the public to be skeptical of information disseminated from sources other than the U.S. Department of Education and their individual student loan companies.

How to Spot Scams

The debt relief scams may be an attempt to collect personal and financial data or to enroll an individual in high-priced services actually available for free elsewhere. Consumers are urged to avoid falling victim to scams and bad business practices by spotting the warning signs, which include:

How to Respond to Scams

To avoid debt relief scams, take the following steps:

The Federal Trade Commission's resources page has information on avoiding scams, steps to take if you were scammed, and instructions on how to report fraud, scams, and bad business practices. For additional information on avoiding student loan debt relief scams, visit the following: