The bill, which has been dubbed the Stop Student Debt Relief Scams Act, would also expand requirements for loan exit counseling for colleges and universities that participate in federal student aid programs. This exit counseling intends to curb fraud even more by warning students about so-called student debt relief companies. gettyWhy You Should Be Vigilant About Student Loan ScamsIt remains to be seen if the Stop Student Debt Relief Scams Act will become law, but even if it does, student borrowers should start keeping their eyes out for new (or old) student loan scams. To avoid student loan scams, first things first. The Right Way To Get Help With Your Student LoansAt the moment, all payments and interest are being waived on most federal student loans until January 31, 2021.

Source: Forbes January 01, 2021 15:22 UTC