White House on lookout for scams ahead of student loan forgiveness applications

• 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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