Student Loan Forgiveness Scam
Scammers promise fast loan forgiveness for upfront fees. Legitimate forgiveness programs (PSLF, IDR) are free to apply for.
🚩 Red Flags
- ⚠Upfront fees for forgiveness
- ⚠Promises of fast debt elimination
- ⚠Request for FSA credentials
- ⚠Guarantees of forgiveness
🛡️ Protect Yourself
- →NEVER PAY upfront for forgiveness
- →PROTECT FSA login credentials
- →GO DIRECT to StudentAid.gov
- →Legitimate programs are FREE
More Details
- “Biden student loan forgiveness - apply now”
- “Eliminate debt in 30 days”
- “One-time fee to process forgiveness”
- “Give us your FSA login”
Common Questions
Mostly no. Legitimate programs are free at StudentAid.gov. Companies charging fees are scams.
Be cautious. Many charge high fees and deliver little. Never pay large upfront fees. Check BBB and state AG.
Promise guaranteed loans but require upfront fees. After you pay, more fees or they disappear.
Never. No legitimate service needs your credentials. Apply directly at StudentAid.gov.
Report This Scam
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Warn Someone You Know
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After being scammed, victims targeted by "recovery services" promising to get money back for upfront fees. Often run by original scammers.
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73% of Americans targeted(Pew, 2025)
|$470M lost to text scams in 2024(FTC)
|$16.6B total losses(FBI IC3, 2024)