Student loans

Student Loan Forgiveness Scam Spreads in Indiana

This “Liz” is not your friend. Delete voicemail.

FOX59 has encountered a new variety of robocall scams. We found out when our news director, CJ Hoyt, received a voicemail on his cell phone.

Hey, it’s Liz with Student Advisor. I’m just calling you about your school loan. I have pre-qualified you here for the updated discount program and maybe even loan release. It’s just imperative that we review the details as soon as possible, as it looks like your status will expire soon.

All the offer. Just one problem. Hoyt has no outstanding college loans.

But, Liz left a number to call her back…and we did.

STEVE BROWN: “I got a voicemail from Liz. Is she available?

MALE’S VOICE: “She’s in the marketing department. Do you have questions about the program? »

STEVE BROWN: “And who are you?”

MALE VOICE: “We are Enterprise Financial.”

STEVE BROWN: “Do I have to go through you to do this?”

MALE’S VOICE: “We’re helping you enroll in the program, sir.”

STEVE BROWN: “Is there a charge for this? »

MAN’S VOICE: “Some programs charge a fee.”

We had already checked the US Department of Education website. He emphatically warned, “Never pay an outside company for help with student loans. Your loan manager will help you for free.

When we confronted the male voice with this information, he hung up.

“It shouldn’t cost you anything to get the loan forgiveness,” said Jennifer Adamany of the Indianapolis Better Business Bureau.

Adamany noted that “Liz’s” original voicemail was loaded with red flags.

“Always, always, always be on your guard when you receive any form of unsolicited contact, whether it’s email, text or phone call,” Adamany explained.

Other signs that someone is trying to scam you include generic sales pitches, offers from people or companies you are unfamiliar with. One of the most common parts of a scam is to trick a potential victim into acting quickly before “the time is up.”

Adamany said, “Scammers often use it as a pressure tactic because they don’t want you to sit there and think about it because then you have time to see those red flags.”

The official application for federal student loan forgiveness will be made through the US Department of Education. It will open in October. Applicants are requested to complete the application process by November 15.