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Scammers Are Promising to Wipe Out Student Debt. Here's What You Need to Look Out For.

TheMotleyFool

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Scammers Are Promising to Wipe Out Student Debt. Here's What You Need to Look Out For.: https://g.foolcdn.com/editorial/images/747800/man-20s-30s-outside-phone-gettyimages-868268160.jpg

Many federal student loan borrowers are stressing out right about now, and for an understandable reason. After a multi-year pause, monthly federal student loan payments will start coming due in October. And a lot of people are worried about their ability to make those payments after not having done so since 2020.

Unfortunately, scammers are taking advantage of student loan borrowers' vulnerability in a very big way. And that's something borrowers need to be aware of.

Image source: Getty Images.

Source Fool.com

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