{"id":503011,"date":"2022-10-22T23:54:00","date_gmt":"2022-10-22T20:54:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/how-to-avoid-being-scammed-when-you-apply-for-student-loan-forgiveness\/"},"modified":"2022-10-22T23:54:00","modified_gmt":"2022-10-22T20:54:00","slug":"how-to-avoid-being-scammed-when-you-apply-for-student-loan-forgiveness","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/how-to-avoid-being-scammed-when-you-apply-for-student-loan-forgiveness\/","title":{"rendered":"#: How to avoid being scammed when you apply for student-loan forgiveness"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41eee86decf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41eee86decf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/how-to-avoid-being-scammed-when-you-apply-for-student-loan-forgiveness\/#%E2%80%9C_How_to_avoid_being_scammed_when_you_apply_for_student-loan_forgiveness%E2%80%9D\" >&#8220;: How to avoid being scammed when you apply for student-loan forgiveness&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/how-to-avoid-being-scammed-when-you-apply-for-student-loan-forgiveness\/#The_student-loan_forgiveness_application_process_is_going_ahead_even_as_lawsuits_challenge_the_Biden_administrations_order\" >The student-loan forgiveness application process is going ahead even as lawsuits challenge the Biden administration&#8217;s order.<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/how-to-avoid-being-scammed-when-you-apply-for-student-loan-forgiveness\/#Lawsuits_challenge_debt_forgiveness\" >Lawsuits challenge debt forgiveness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/how-to-avoid-being-scammed-when-you-apply-for-student-loan-forgiveness\/#Heres_a_refresher_on_what_NOT_to_do\" >Here\u2019s a refresher on what NOT to do:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/how-to-avoid-being-scammed-when-you-apply-for-student-loan-forgiveness\/#Andrew_Keshner\" >Andrew Keshner<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_How_to_avoid_being_scammed_when_you_apply_for_student-loan_forgiveness%E2%80%9D\"><\/span>&#8220;: How to avoid being scammed when you apply for student-loan forgiveness&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"The_student-loan_forgiveness_application_process_is_going_ahead_even_as_lawsuits_challenge_the_Biden_administrations_order\"><\/span>\n  The student-loan forgiveness application process is going ahead even as lawsuits challenge the Biden administration&#8217;s order.<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001294443\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001294443\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       It\u2019s open season to begin seeking student-debt relief of $10,000 \u2014 or up to $20,000 for Pell Grant recipients \u2014 but regulators worry it could also be open season for fraudsters to bilk borrowers out of money.<\/p>\n<p> A day after President Joe Biden announced the launch<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/studentaid.gov\/manage-loans\/forgiveness-cancellation\/debt-relief-info\" class=\"icon none\"> of a Department of Education web portal to submit applications<\/a> on Monday, the Federal Trade Commission highlighted the tricks and perils to avoid.<\/p>\n<div class=\"paywall\">\n       The FTC and other federal agencies have<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.ed.gov\/2022\/10\/student-loan-debt-relief-dos-and-donts\/\" class=\"icon none\"> been alerting borrowers<\/a> about potential scams, warning people against paying for help with a process that is free or sharing certain pieces of sensitive data with third parties.<\/p>\n<p>With the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication portal now open, \u201cof course, scammers are on the move \u2014 trying to get your money and personal information,\u201d K. Michelle Grajales, an attorney in the FTC\u2019s Division of Financial Practices, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/consumer.ftc.gov\/consumer-alerts\/2022\/10\/now-student-loan-debt-relief-application-open-spot-scams?utm_source=govdelivery\" class=\"icon none\">wrote in a consumer alert.<\/a><\/p>\n<p>The Biden administration\u2019s student-loan forgiveness order would erase up to $10,000 in federal student debt for borrowers earning less than $125,000 a year. People who used Pell Grants to attend college could be poised to also get an additional $10,000, totaling $20,000 in potential relief for them.<\/p>\n<p>More than 8 million people already applied over the weekend, Biden <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2022\/10\/17\/remarks-by-president-biden-on-the-student-debt-relief-portal-beta-test\/\" class=\"icon none\">said Monday, <\/a>estimating that approximately 40 million people stand to gain from the debt relief. Applying \u201ctakes less than five minutes,\u201d he noted. The application window runs through Dec. 31, 2023.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Lawsuits_challenge_debt_forgiveness\"><\/span>Lawsuits challenge debt forgiveness<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>To be clear, the path to debt forgiveness is not guaranteed for the controversial plan.<\/p>\n<p>Lawsuits, including one from six Republican-leaning states, allege Biden\u2019s loan-forgiveness order is unfair and beyond the president\u2019s statutory power. The case, Nebraska v. Biden, is pending in the Eastern District of Missouri.<\/p>\n<p>Borrowers keenly eyeing their bottom line in a time of hot inflation cannot control the outcome of complex federal litigation. But they can at least steer clear of scammers.  If 2022 consumer complaint numbers are any hint, con artists may think they see a  money grab. <\/p>\n<p>Through September, there have been nearly 57,000 complaints in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> about student loans, according to an FTC spokeswoman. Roughly two-thirds of the complaints relate to debt relief and include scam attempts, she noted. That\u2019s already outpacing the roughly 46,000 student-loan complaints the FTC received last year, and the nearly 38,000 complaints it received the year before that.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<h6><span class=\"ez-toc-section\" id=\"Heres_a_refresher_on_what_NOT_to_do\"><\/span>Here\u2019s a refresher on what NOT to do:<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p><strong>Do not pay anyone to apply for student-loan forgiveness.<\/strong> It\u2019s a free process, the FTC and Education Department emphasize. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/studentaid.gov\/debt-relief\/application\" class=\"icon none\">StudentAid.gov\/DebtRelief <\/a>is the sole place to apply online and a paper application will be available soon, the agencies note.<\/p>\n<p><strong>The application will ask for a person\u2019s name, birth date, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security number, phone number and address. <\/strong>People do not need to upload any documents in their initial bid for the forgiveness. That might come later, but read on for more.<\/p>\n<p><strong>Do not share your Federal Student Aid identification number with anyone. <\/strong> The FSA identification number is the gateway to a person\u2019s student-loan account. For that matter, do not share bank account and credit-card information, Grajales noted.<\/p>\n<p><strong>The Education Department might contact some borrowers seeking more information to verify applications.<\/strong> But that\u2019s only going to come from these email addresses: <em>noreply@studentaid.gov<\/em>, <em>noreply@debtrelief.studentaid.gov<\/em> or <em>ed.gov@public.govdelivery.com<\/em>. Typos in emails or email addresses are a tip-off that something phishy is going on, Grajales warned.<\/p>\n<p><strong>If the department does reach out via email, it\u2019s going to be related to one of several topics. <\/strong>They may need documentation to verify your income \u2014 and that\u2019s where the potential upload of tax documents may come in, the FTC notes.<\/p>\n<p><strong>The education department says it may need information on parents\u2019 income. <\/strong>But that\u2019s only if an applicant was a dependent student any time from July 1, 2021 to June 30, 2022. The department may also need more information about the disbursed loans to determine eligibility.<\/p>\n<p>\u201cIf you don\u2019t hear anything from us, no further action is needed,\u201d<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/studentaid.gov\/manage-loans\/forgiveness-cancellation\/debt-relief-info\" class=\"icon none\"> the Education Department notes.<\/a> But there will be heads up to applicants once their eligibility is approved and debt relief is applied.<\/p>\n<p><em><strong>Anyone who thinks they have spotted a student-debt relief fraud attempt can call the FTC at 1-877-382-4357 or go to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/reportfraud.ftc.gov\/#\/\" class=\"icon none\"> Reportfraud.ftc.gov<\/a>.<br \/><\/strong><\/em><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Andrew Keshner\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/andrew-keshner\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/andrewkeshner\",\"text\":\"@andrewkeshner\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"mailto:akeshner@marketwatch.com\",\"text\":\"akeshner@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Andrew_Keshner\"><\/span>Andrew Keshner<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"10_MW\" author-name=\"Andrew Keshner\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fbiden-unveils-student-loan-forgiveness-process-to-erase-up-to-20-000-in-student-debt-but-scammers-want-your-money-too-11666112113%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C06575-04D4-B545-713C-06B16AE1714E%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;: How to avoid being scammed when you apply for student-loan forgiveness&#8221; The student-loan forgiveness application process is going ahead even as lawsuits challenge the Biden administration&#8217;s order. It\u2019s open season to begin seeking student-debt relief of $10,000 \u2014 or up to $20,000 for Pell Grant recipients \u2014 but regulators worry it could also be&#8230;<\/p>\n","protected":false},"author":1,"featured_media":503012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-646307\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-503011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=503011"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/503012"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=503011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=503011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=503011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}