Federal Trade Commission Warns Of Student Loan Relief Scams

The video discusses how scammers exploit current events, particularly targeting relief programs to steal personal information and money. It highlights the tactics used by scammers, such as phishing with fake emails, and warns about red flags like requests for payment or personal information. The video also emphasizes the risks to individuals whose data might be exposed, even if they don't qualify for the relief program.

Why are scammers particularly interested in the relief program?

• It offers a large target for information and money.

• It is not well-publicized.

• It is a new government initiative.

• It is easy to apply for.

What tactic do scammers use to make their schemes more convincing?

• They offer free gifts.

• They use official government logos.

• They create a sense of urgency.

• They provide detailed instructions.

What is a red flag that the FTC warns consumers to watch out for?

• Getting a phone call from the government.

• Being asked to pay to apply.

• Receiving a confirmation email.

• Receiving a paper application form.

What should individuals not seeking loan forgiveness be aware of?

• They should apply for a different program.

• Their data might be used in scams.

• They will automatically qualify for the program.

• They need to update their information.

What is the risk associated with the student loan database?

• It requires a password to access.

• It is only accessible to government officials.

• It contains data of people who don't qualify for the program.

• It is not updated regularly.