TLDR
Scammer texts/emails 'you qualify for Biden / Trump student loan forgiveness — pay $399 processing fee' or asks for FSA ID password to 'apply on your behalf'. Federal student aid programs (PSLF, SAVE, IDR) are always free to apply on...
How it works
Scammer texts/emails 'you qualify for Biden / Trump student loan forgiveness — pay $399 processing fee' or asks for FSA ID password to 'apply on your behalf'. Federal student aid programs (PSLF, SAVE, IDR) are always free to apply on...
Red flags
- Urgent pressure to click, pay, or share codes immediately.
- A link or sender that does not match the official organization.
- Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.
What to do
- 1FTC: 280,000+ student loan scam reports 2023 2024.
- 2WHAT TO DO: only use studentaid.gov; never share FSA ID; loan servicer (MOHELA, Nelnet, EdFinancial) won't call asking for it.
- 3IF VICTIM: reset FSA ID at studentaid.gov, change loan servicer password, file ReportFraud.ftc.gov + state AG, freeze credit.
Source
FTC
Source reviewed by Mythos Forensic Team
https://consumer.ftc.gov/articles/student-loan-debt-relief-scamsFAQ
Is Student loan forgiveness scam — fake PSLF / IDR fee a real scam pattern?
Yes. Treat the message, call, or payment request as suspicious until you verify it through an official channel.
What are the first warning signs?
Urgent pressure to click, pay, or share codes immediately.; A link or sender that does not match the official organization.; Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.
What should I do first?
FTC: 280,000+ student loan scam reports 2023 2024.; WHAT TO DO: only use studentaid.gov; never share FSA ID; loan servicer (MOHELA, Nelnet, EdFinancial) won't call asking for it.; IF VICTIM: reset FSA ID at studentaid.gov, change loan servicer password, file ReportFraud.ftc.gov + state AG, freeze credit.
Can LegalAudit check my case?
Yes. Start a free chat and paste the message, link, sender, or payment details for triage.