Scammers are Unforgiving on Student Loan Relief

Great news for student borrowers everywhere: the White House has announced a plan for student loan relief. There are currently 45 million borrowers in the U.S. with debt totaling over $1.6 trillion. Many borrowers are rejoicing at this news, and unfortunately, so are cybercriminals who see a new opportunity to exploit consumers. The Federal Trade Commission previously issued a warning about student loan scams because of the uptick in loan forgiveness scams during the pandemic and moratorium on payments.

Now that a student loan relief program has arrived, Lookout, the leader in delivering integrated Security, Privacy, and Identity Theft Protection solutions, has provided proactive safety  steps borrowers can take to protect their identity, data, and bank accounts in anticipation of student loan forgiveness scams.

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