MADISON, WI (WTAQ-WRN) — Student loan payments will be restarting after over three years of pauses, and scammers are likely to use that to get your money.
People may receive an email, letter, or a phone call from someone claiming that they are eligible for student loan consolidation, a payment reduction program or something similar. And this new benefit is allegedly, according to them, part of the new 2023 guidelines.
Better Business Bureau spokesperson, Lisa Schiller, says criminals use major events like this as leverage to try and get you to hand over money or personal information.
“This information might include them asking for your social security number, or your name and address, and even your fsa.gov login information,” said Schiller. “So be aware of that and be very careful.”
As always, no government agency or lender will ask you for information they already should have, nor will they ask for money over the phone.
