FRANKFORT, Ky. (KT) – Kentucky Attorney General Daniel Cameron issued a consumer alert, warning Kentuckians of possible student loan scams following beta testing of the federal student debt relief application.
“In light of the beta testing rollout of the federal student loan debt relief application, Kentuckians should watch out for scammers posing as the Department of Education or a loan provider,” Cameron said. “In these schemes, the scammer may offer help and ask the consumer to complete a fake debt relief application, which allows the scammer to access their personal funds or personally identifiable information that could be used for identity theft.”
Student loan scammers may contact consumers claiming to be affiliated with the Department of Education or a loan servicing provider and offer specialized repayment plans, access to quicker loan forgiveness, or assistance with filling out the student loan debt relief application.
To provide this help, scammers may…