Student loans

Smith: Beware of Student Loan Forgiveness Scams | Local News

In his email newsletter to voters in the 66th District, State Rep. Brian Smith, R-Punxsutawney, draws attention to a notice from the Pennsylvania Higher Education Assistance Agency, warning borrowers to be aware of a new wave of harmful scams trying to take advantage of confusion surrounding the president’s plan to cancel up to $20,000 in federal student loans.

PHEAA said the Consumer Financial Protection Bureau has received many complaints from borrowers about companies promising to provide student loan services in exchange for a fee. Borrowers often believed they were talking to their loan officer or a company acting on behalf of the US Department of Education.