(LOCAL 12) – The Better Business Bureau is sounding the alarm about a new student loan forgiveness scam.
"They'll call you. Believe it or not, we've gotten complaints that they use the name the Biden team. So the use of the president's name on top of it. So the call the person or the other the phone student maybe is starting to think this is legit," said Barry Moore, President, and CEO of the Better Business Bureau serving Central Virginia.
This comes after President Joe Biden pledged to cancel up to $10,000 in federal student loans and up to $20,000 for Pell Grant recipients. Moore said the scammer's goal is to take advantage of folks while they anxiously wait for their relief.
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