Officials warn of student loan forgiveness scams

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The Biden administration has announced it’s erasing the debt of more than 800,000 longtime student loan borrowers. Consumer Investigator Caresse Jackman spoke with White House officials about what you need to know.

White House Senior Communications Advisor Rachel Thomas said this loan forgiveness is part of a one-time account adjustment to address past failures in the student loan program.

“If borrowers are eligible for this relief, they will get emails from federal student aid. Those are the emails that will notify them they’re eligible for relief without doing anything,” she explained.

 

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