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Have Student Debt? Beware of Financial Aid Scams

In light of the recent Supreme Court ruling regarding the Federal Student Loan Debt Cancellation Program, the Pennsylvania Higher Education Assistance Agency (PHEAA) is cautioning borrowers to be aware of an increase in harmful financial aid scams that could expose them to identity theft and significant financial loss.

Last year, scammers stole an estimated $5 billion from Americans in student loan-related scams, according to a recent report. Scammers use multiple modes of communication to reach borrowers, including social media, text messages, emails and phone calls.

Scammers are also very skilled at posing as government representatives and may even have look-alike government websites and logos to trick unsuspecting victims. Borrowers are encouraged to visit the U.S. Department of Education’s website, StudentAid.gov, for information about all available student loan debt relief and repayment plans. Borrowers should never pay for a service that is available to them for free.

For a list of red flags you should look for to avoid being scammed and what to do if you become a victim of a scam, click here

Comments

Tammy Annette Robinson 1964-2024

For the past years, Tammy helped take care of her mother. She enjoyed watching game shows and listening to contemporary Christian music.

Robert William Gordon 1947-2024

Born August 18, 1947, a son of the late Merrill R. and Goldie E. Kotzmoyer Gordon, Bob liked to hunt and fish, and loved spending time with his family.

Janice Mae Keller 1938-2024

Janice always enjoyed shopping trips with her children and always used that opportunity to stop at her favorite restaurant, Olive Garden.

Ethel R. Smith 1935-2024

Ethel was a very loving and caring woman. She will always be remembered and cherished as a loving wife, mother, grandmother, and friend.

Sharon M. Matthews 1951-2024

Sharon enjoyed game shows on TV, mostly Wheel of Fortune. She also liked watching the Food Network and talk about what they made.

Ralph V. Foltz 1928-2024

Ralph enjoyed hunting, telling stories, and traveling around the United States on bus trips, alongside his wife Lois.

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The Franklin County Free Press, established by Vicky Taylor in 2019, emerged as a beacon of local journalism for the residents of Franklin County. Under Vicky's leadership, it quickly became an essential source of news, particularly at a time when major newspaper publications were increasingly overlooking local coverage.

On January 1, 2022, the torch was passed to Nathan Neil and his firm, Neil Publishing, LLC. Neil, a local entrepreneur with multiple thriving businesses in Chambersburg, shares Vicky's fervent commitment to both the community and the world of local journalism.

Rooted in the heart of Franklin County and powered by its residents, the Franklin County Free Press continues to bridge the gap, ensuring that the local stories, events, and issues that matter most to the community remain in the spotlight.