Student loan scams surge as October repayment date approaches

Getting scammed is messy and stressful so here are some ways to spot a scammer.

In addition to the pause on payments, student loan interest rates were halted during COVID, but that relief is nearing its end as interest rates kicked back in this month and payments begin again on Oct. 1.are racking up interest again, scammers are taking advantage of borrowers. The number of robocalls, scam emails and texts has shot up as the October deadline approaches.

"If you click on this link, we’ll give you $5,000 for your student loan repayment, and you just have to fill out this application and all of this," said University of Texas at Austin graduate Kelsey Leffingwell, who was describing an email she received. "I also have received text messages from people claiming to be random people that would offer me loan repayment of $5,000," she added.

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