FTC Warns Missourians About Scammers Preying On Student Debt Relief

(MissouriNet) As millions of Americans gear up to pay back their federal student loans, the Federal Trade Commission reminds Missourians about scams that sounds too good to be true.

Nathan Nash is an attorney handling consumer protection matters for the FTC. Instead of being roped into a federal student loan scam, he says to check Student Aid (dot) gov.

The FTC has recently stopped scammers whom the agency says organized a scam to prey on students seeking debt relief.

They pretended to be with the U.S. Department of Education, using deceptive loan forgiveness promises, and claimed they were offering relief under the “Biden Loan Forgiveness” plan to lure students.

They were able to collect millions in upfront fees.