Students who attended for-profit colleges filed more than 98 percent of the requests for student loan forgiveness alleging fraud by their schools, according to an analysis of Education Department data published Thursday. The study by The Century Foundation ...

The Biden administration only required identity verification for less than 1% of students applying for student loans, McMahon claimed. “There were dead people who were applying for loans and receiving them, bots who were receiving, and we identified in Minnesota several thousands of these bots,” she said.

Add Yahoo as a preferred source to see more of our stories on Google. Consumer adviser Clark Howard warns that promises of student loan debt forgiveness are likely scams. Millions of Americans overwhelmed by student loan debt are targeted by scammers ...

Some of the pauses on student loans may offer borrowers temporary relief, while others are simply injecting even more uncertainty. Here’s a breakdown.

The Federal Trade Commission announced on Wednesday it is refunding $4.1 million to 27,584 consumers who fell victim to student debt forgiveness scams. The action follows a 2019 complaint the FTC made against the operators of Mission Hills Federal and ...

A costly education in deception.

Student loan borrowers were targets for scams before the coronavirus pandemic hit. The longer people struggle, the more desperate they become, and that’s when scammers and fraudsters thrive. “They’re using the same playbook, but more aggressively ...

Here’s what student loan borrowers should know about the July 1, 2026 cutoff, and what you should do to avoid restricting your options for your student loans.