Due to an uptick in student loan forgiveness scams, the FTC has sent more than $4.1 million in refunds to borrowers who lost money to scammers, according to the BBB.
SEATTLE — The Biden Administration announced Friday it will use existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers.
While borrowers await potentially having any debt wiped out – the Better Business Bureau (BBB)encourages graduates to research trustworthy sources related to federal repayment plans before giving personal information.
Due to the uptick in student loan forgiveness scams, the FTC has sent more than $4.1 million in refunds to borrowers who lost money to scammers, according to the BBB.
KING 5 spoke with Cameron Nakashima, of the BBB Great West + Pacific, to find out how student loan borrowers can avoid falling victim of scams.
Nakashima said people should beware of companies promising to reduce debt by lowering payments through enrollment in student loan forgiveness or other programs.
The BBB …
![Police in riot gear meet Pro-Palestine protestors at the U of A [Video]](https://usanewsvideo.com/wp-content/uploads/2024/05/mp_1457018_0_90.jpg)
![Police clear pro-Palestinian protesters from Columbia University while clashes break out at UCLA Boston 25 News [Video]](https://usanewsvideo.com/wp-content/uploads/2024/05/mp_1457433_0_OJBMPTHXOZBM745ORCYAJ2CYDAjpg.jpg)
![Anti-Israel protests at college campuses spur police to respond [Video]](https://usanewsvideo.com/wp-content/uploads/2024/04/mp_1442375_0_a4c60823f7f842ac976b306007b5c20e1140x641jpg.jpg)
![Pro-Palestinian student protest at Northeastern University in Boston cleared by police [Video]](https://usanewsvideo.com/wp-content/uploads/2024/04/mp_1444928_0_northeasternprotesters20240427jpg.jpg)