Student Loan Forgiveness Email Scams: How To Detect It And Avoid It?

Student loan forgiveness scams can come in various forms, from suspicious calls to deceptive emails and text messages.

Scammers often use aggressive tactics and false promises to lure unsuspecting borrowers into their traps. The Federal Trade Commission received nearly half a million fraud reports in the first quarter of 2023 alone. So, it’s crucial to stay vigilant and know how to spot potential scams.

Below is a guide on how you can identify and avoid student loan forgiveness scams along with steps to take if you believe you’ve been targeted.

1. Be Wary Of Aggressive Advertising Language

Scammers may use phrases like “Act immediately” or “Complete discharge” to pressure you into making hasty decisions. Remember, legitimate forgiveness programs typically don’t use such urgent language.

2. Don’t Fall For Promises That Seem Too Good To Be True

Scammers often guarantee immediate loan cancellation in exchange for upfront fees. Be cautious of any offer that sounds too good to be true, as most government forgiveness programs require specific eligibility criteria and qualifying payments.

3. Avoid Sharing Log-In Info

Never share your account details, including your FSA ID, with anyone. Legitimate organizations will never ask for your password.

4. Watch Out For Typos And Unofficial Contact Information

Scam messages may contain spelling errors or unusual formatting. Additionally, verify the sender’s email address and contact details to ensure they’re legitimate.

What Email Does Student Loan Forgiveness Come From?

Remember, emails from the U.S. Department of Education will only come from authorized addresses, such as or Text messages will originate from designated numbers like 227722 or 51592.

When facing financial challenges with your student loans, it’s essential to explore legitimate avenues for assistance. Start by contacting your loan servicer to discuss available options, such as income-driven repayment plans or loan consolidation.

Beware of debt relief companies that charge hefty fees for services you can access for free through your servicer. While some reputable organizations provide assistance, it’s crucial to research and verify their credentials before engaging their services.

Source: MARCA