The FBI is warning that scammers might be targeting people applying for student loan forgiveness.
The agency says the scams, which could come in the forms of emails, texts, phone calls websites or online chats, could be attempts to swindle people with federal student loans out of their sensitive information or money.
Applications to have student debt forgiven opened Monday after the government launched a beta version of the program over the weekend. The Biden administration says millions of applications have already been processed and the program will remain open through the end of 2023.
With applications now underway, the FBI says cybercriminals may attempt to contact borrowers and offer entrance into the program, asking them to provide personal or financial information that they could use for identity theft or other scams down the road.
They also might ask for money to cover “processing fees,” the FBI warns, adding that the federal government and its loan partners would never do this.
Student loan forgiveness is just the…
