PHEAA Urges Students And Borrowers to Beware Of Financial Aid Scams
August 3, 2023
In light of the recent Supreme Court ruling impacting the Federal Student Loan Debt Cancellation Program, the Pennsylvania Higher Education Assistance Agency (PHEAA) is cautioning borrowers to be aware of an increase in harmful financial aid scams that could expose them to identity theft and significant financial loss.
“Student loan borrowers are the unfortunate prey of unscrupulous scammers who capitalize on confusion surrounding loan forgiveness and repayment plans,” said Senator Wayne Fontana, Chairman of the PHEAA Board. “Students and borrowers must protect themselves from harm by...