The Biden administration increases efforts to fight student loan forgiveness scams

MEG ANDERSON, BYLINE: The White House is going to cancel up to $20,000 in student loan debt for as many as 40 million borrowers. But since that relief was announced in August, the government has released very little information about the application process.

BETSY MAYOTTE: This Biden forgiveness thing is Christmas, Thanksgiving and Fourth of July all rolled into one for the scammers.

ANDERSON: Betsy Mayotte is the president of The Institute of Student Loan Advisors. She says that vacuum of information has created an opportunity. Here’s an example of a suspicious call one borrower in Texas shared with NPR.