From the Better Business Bureau of Central Virginia:
This year’s class of college graduates are getting ready to start their new lives. It’s a big transition that includes several important changes. Grads may be moving to a new city, finding a new place to live, or searching for a new job. Graduation also often means new financial responsibilities, such as starting payments on student loans.
College graduates are navigating many life changes, and scammers have long shown themselves eager to take advantage of new grads’ inexperience. The following tips can help new graduates avoid common scams.
Know the terms of your student loans
One of the most common ways scammers target college graduates is with fake “loan forgiveness” opportunities.
You may receive an unsolicited email, phone call, or text message stating you qualify for lowered payments through a debt forgiveness program. To use the company’s services, just fill out a form and pay a…