"Debt relief and credit repair companies often advertise quick, extensive fixes for low scores or past-due bills. But these entities have a much more limited ability to enact change than they promise, according to a recent study from the Better Business Bureau (BBB)," Fox Business reports.

..."The Federal Trade Commission (FTC) and BBB have warned about student loan forgiveness scams as repayments begin in October, telling consumers to watch out for people offering quick forgiveness or relief. 

'Scammers and bad actors have long targeted vulnerable students who may find themselves confused at various junctures in the financial aid process,' Justin Draeger, National Association of Student Financial Aid Administrators president, said in a statement. 'This massive repayment start date presents just such an occasion.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 10/25/2023