Consumer Protection Division

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Don’t Fall for Student Loan Repayment Scams

As the student loan landscape continues to evolve, borrowers face shifting deadlines, confusion, and uncertainty. As of September 1, 2023, the student loan payment pause has been lifted. Interest is again accruing on federal student loans and payments come due starting in October. Return to repayment—along with other developments on student loans—will give scammers an opportunity to try to trick borrowers into handing over their money or personal information.

Borrowers must stay alert and take steps to protect their finances. Follow these tips to protect yourself from student loan scams when return to repayment begins:  Read More…