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To say the staggering student loan debt is a crisis is an understatement. It impacts almost 43 million people, according to the Department of Education, and scammers are taking advantage of the recent confusion over student loan debt forgiveness and the pandemic-related pause in payments for federal loans.

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“It’s kind of a prime moment for scams because I think they’re capitalizing on the confusion that surrounds what is happening with student loan policy and potential forgiveness,” Bridget Haile, head of borrower success at Summer, told CNBC.

Kristen Evans, chief of the students and young consumers section at the Consumer Financial Protection Bureau, informed CNBC that scammers are eagerly taking advantage of the financially vulnerable. However, there are still ways to spot these…

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