Student loan debt scams on the rise: Look for these signs

With the federal student loan forgiveness program officially accepting applications, scams targeting those seeking debt relief are on the rise, according to a string of government warnings.

Why it matters: More than 40 million Americans can benefit from the debt relief that cancels up to $20,000 in student debt for Pell Grant recipients and up to $10,000 for individual borrowers who make under $125,000 per year.

President Biden, the FBI and Federal Trade Commission have issued warnings about increased scams around student debt relief.

The White House announced its plan to protect borrowers from scammers earlier in the...