BBB of Washington: Scammers are likely offering 'fast-tracked' student loan forgiveness

SEATTLE — President Joe Biden recently announced a three-part plan that will cancel $10,000 of federal student loan debt for low- to middle-income borrowers. Some borrowers could be eligible for up to $20,000 in student loan forgiveness.

Since the program was announced, agencies such as the Better Business Bureau of Washington warn the debt relief program creates a prime opportunity for scammers to take advantage.

BBB Tips to Avoid Loan Forgiveness Scams:

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