Student loan scam warning as borrowers lose thousands to fraud

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 52%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

A consumer advice bureau is warning of a rise in student debt forgiveness schemes following the Supreme Court's ruling on the subject.

However, in February they noticed that a payment had not been taken since December, and never heard back from the company. They reported the incident to their bank, but"by that point it was too late to receive a full refund for the damages," which totaled $1,200.

While these reports make up just a handful of the loan-related scam entries BBB receives, the consumer advice body sees them becoming an increasing problem as the loan repayment start date nears. "So that's why it's really important to do that due diligence, do your homework, make sure any company you're working with is legitimate or if somebody says they're calling from the government, to confirm their identity—and in a lot of cases the government doesn't call people and say 'we're going to forgive your loan.'"

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden’s new student loan forgiveness plan is treating the Supreme Court with contemptIn complete defiance of the Supreme Court, and ignoring the rules that govern the separation of powers, President Biden has decided by dictatorial fiat to nevertheless “forgive” hundreds of billion…
Source: nypost - 🏆 91. / 67 Read more »

Is the Media Finally Waking Up to a New Kind of Supreme Court Coverage?Judicial coverage has long sidestepped the politicking that goes on in and around the Supreme Court. Post-Dobbs leak, and amid mounting ethics concerns, that may be changing. “It needs to be covered in a more comprehensive way,” a legal affairs reporter says.
Source: VanityFair - 🏆 391. / 55 Read more »

Vivek Ramaswamy releases conservative pool of Supreme Court picksBorrowing a page from former President Donald Trump, the 2024 GOP hopeful is assuring primary voters that he would keep the bench weighted toward the right.
Source: NBCNews - 🏆 10. / 86 Read more »

GOP presidential hopeful Vivek Ramaswamy lists Senators Cruz, Lee as possible Supreme Court picksA biotech entrepreneur and Republican presidential hopeful says he'd consider Sens. Ted Cruz of Texas and Mike Lee of Utah among several possible conservative candidates should he get to nominate someone to the U.S. Supreme Court.
Source: ksatnews - 🏆 442. / 53 Read more »

Alabama Scrambles to Redraw Its Voting Map After a Supreme Court SurpriseMONTGOMERY, Ala. — Under orders from the Supreme Court to produce a voting map that no longer illegally dilutes the power of Black voters in Alabama, the state’s lawmakers are now facing a high-stakes scramble to come up with an acceptable replacement by the end of this week. A little over a month after the court’s surprise ruling, the Alabama Legislature will convene Monday for a special five-day session, with the Republican supermajority having given little public indication of how it plans to
Source: YahooNews - 🏆 380. / 59 Read more »

The Debrief with Hugo Gurdon: The Biden administration's disregard for the Supreme CourtWashington Examiner Editor-in-Chief Hugo Gurdon joins Sarah Bedford to discuss how 'Bidenomics' is leaving ordinary people behind, the Biden administration directly saying they would work around the Supreme Court's rulings, and Democratic governors working against school choice.
Source: dcexaminer - 🏆 6. / 94 Read more »