Student loan scams on the rise as October repayment date approaches

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Student loan scams on the rise as October repayment date approaches
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Student loan relief is over as interest rates kicked back in this month and the payment pause ends Oct. 1 – prompting scammers to take advantage of borrowers in need of financial help.

The number of robocalls, scam emails and texts has shot up as the October deadline approaches.

"If you click on this link, we’ll give you $5,000 for your student loan repayment, and you just have to fill out this application and all of this," said University of Texas at Austin graduate Kelsey Leffingwell, who was describing an email she received. Recent graduate Kelsey Leffingwell will start making her first student loan payments next month when the COVID-related pause on payments ends., Leffingwell will start making her first-ever student loan payments beginning next month. She is not excited about her extra bills, but she is thankful she has a job to help her make those payments.

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