FBI warns scammers are targeting US student loan debt forgiveness applicants

Fraudsters are likely to try to use the Federal Student Aid debt forgiveness program to trick students into providing their identities, payment information and even money, the FBI has warned.

Federal Student Aid is a program designed to help students by waiving some of their student debt. It was announced this summer and began submitting applications this Monday. Students with incomes below $125,000 (or $250,000 if applying jointly) can apply and get between $10,000 and $20,000 from their loan.

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