Complaints about student debt relief scams are increasing as the date approaches for borrowers to restart payment on their student loans after more than a three-year pause.
Consumer protection advocates say that the Biden administrations student debt relief efforts, the subsequent halting of those policies by the courts, and the restart of student loan payments have bred confusion that allow companies to take advantage of borrowers.
There is sort of this perfect storm out there that I think is allowing these fraudsters to prey on people, said Dan Zibel, vice president, chief counsel, and co-founder of Student Defense, a nonprofit focused on student rights.
Zibel said that there has been a lot of policy and legal news on student debt reli…
Read the full article at: https://missouriindependent.com/2023/09/29/student-debt-relief-scams-on-the-rise-heres-what-borrowers-need-to-know/