If someone promises you “Biden student loan forgiveness,” it’s a scam. The term “Biden student loan forgiveness” refers to student loan forgiveness through the U.S. Department of Education for your federal student loans. Biden student loan forgiveness also refers to student loan cancellation enacted by Biden under existing law. Therefore, “Biden student loan forgiveness” refers to federal student loan forgiveness through the federal government. No company can forgive your student loans.
Here’s the thing: there is no Biden student loan forgiveness through a company. This scam sounds like the Public Service Loan Forgiveness program, which Congress created and President George W. Bush, not Biden, signed into law in 2007. However, only the U.S. Department of Education can cancel your student loans through the Public Service Loan Forgiveness program, not a private company.
