The White House announced Wednesday its plan to protect borrowers from scammers as the administration gears up to roll out its application for student loan forgiveness.
Driving the news: The efforts include "educating borrowers about how to protect themselves against scams and accelerating efforts to share scam complaints with states," the White House said.
- One of the "most critical ways to prevent scams" is "developing a clear, simple, and secure site for borrowers to apply for debt relief and have the most up to date information from trusted sources," the White House said.
- The administration also said that it plans to release student debt relief "Do's and Don'ts" to help borrowers avoid potential scams.
- The White House also said it will work across the government and with states to "analyze trends in scam complaints in real-time, sharing this information with states to combat scams."
The big picture: The effort comes as the Biden administration plans to launch the application for student loan forgiveness this month.
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