Scammers Rush In as Student Loan Forgiveness Stalls

The Biden administration’s plan to cancel up to $20,000 in student loans is in limbo after a federal judge in Texas ruled it was unconstitutional. Now the issue is tied up in the courts, but scammers aren’t waiting for a final decision . WSJ personal finance reporter Julia Carpenter joins host Daniella Cheslow to talk about how fraudsters are trying to cash in on the confusion, and how borrowers can avoid their schemes. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

The Biden administration’s plan to cancel up to $20,000 in student loans is in limbo after a federal judge in Texas ruled it was unconstitutional. Now the issue is tied up in the courts, but scammers aren’t waiting for a final decision . WSJ personal finance reporter Julia Carpenter joins host Daniella Cheslow to talk about how fraudsters are trying to cash in on the confusion, and how borrowers can avoid their schemes. 

Learn more about your ad choices. Visit megaphone.fm/adchoices