Mapping Your Future: Learning how to avoid student loan scams



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Learning how to avoid student loan scams

By Catherine Mueller

April 15, 2021

Student loan debt relief scams have been on the rise, and unfortunately some borrowers have fallen victim to these scams.

The Consumer Financial Protection Bureau (CFPB) and The Institute of Student Loan Advisors (TISLA) want to help consumers avoid these scams by presenting “How to spot, avoid, and report student loan debt relief scams,” a webinar scheduled for Thursday, April 22, 2021 at 2:00pm Eastern time.

According to the announcement from the CFPB and TISLA, scammers are taking advantage of the coronavirus pandemic to con people into giving up their money and information about their student loans.

Knowing how to spot a scam is a good first step toward preventing them, according to the CFPB and TISLA. Betsy Mayotte, President of TISLA, will share some information that you can use to educate your borrowers, so they do not become a victim to student loan debt relief scams.

Anyone interested in this topic should register to attend the webinar.