Student Loan Relief Scams
Student Loan Image

Student Loan Relief Scams

The U.S. Government recently announced its plan to give citizens up to $20,000 of student loan relief. This plan requires that citizens submit an application to determine if they qualify for the loan. Cybercriminals are taking advantage of this process by using fraudulent applications in their scams.

Cybercriminals send you a phishing email that appears to come from an official federal agency, such as the U.S. Department of Education. This email states that you need to apply for student loan relief and provides a link to the application. If you click this link, you’ll be taken to a spoofed application page that asks for sensitive information, such as your direct deposit details. Cybercriminals can use this information to access your bank account and steal your money.

Follow the tips below to stay safe from similar scams:

  • Be suspicious of emails, texts, and social media posts that contain information about student loan or other financial relief plans. These messages may lead to disinformation, which is false information designed to mislead you.
  • Stay up-to-date about financial relief efforts by following local news and other trusted sources. To see what actions you may need to take, visit an official government website and only follow links from the website.

Before you click a link, hover your mouse over it. Make sure that the link leads to a legitimate, safe website that corresponds with the content in the email.


Knowbe4 Logo

Stop, Look, and Think. Don’t be fooled.

Protect your network! Learn more about security awareness training for your team.

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

More Posts

Jobs Scams Image
The Latest Scams

Scam Alert! Job Hunting After Graduation

Graduation season marks an exciting new chapter—one filled with opportunities, ambition, and the pursuit of that first big career step. But as new grads eagerly

Phishing Image
The Latest Scams

Device Code Phishing

Don’t Fall for Device Code Phishing! The Latest Trick from Cybercriminals Cybercriminals never stop innovating, and their latest scam targets something you might not expect:

SuperPod with WiFi 6E

Plume SuperPod WiFi 6E Specs

SuperPod with WiFi 6

Plume SuperPod WiFi 6 Specs

SuperPod

Plume SuperPod Secs