Student loan borrowers were targets for scams before the coronavirus pandemic hit. The longer people struggle, the more desperate they become, and that’s when scammers and fraudsters thrive. “They’re using the same playbook, but more aggressively,” says Seth Frotman, executive director of the Student Borrower Protection Center, a Washington, D.C.-based nonprofit. There’s no single scam … Continued

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If you’re waiting until the last minute to make a decision about college, you’re in good company — colleges are scrambling, too. Here’s a sample of what some schools are considering: Boston University plans in-person instruction. The California State University system will go remote. Columbia University will offer three semesters to “de-densify” its campus. Kent … Continued

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The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, suspends federal student loan payments, sets interest rates to 0% and stops all collection activities on defaulted loans until Sept. 30. But the $2 trillion stimulus doesn’t forgive student loans. That means you can’t totally forget about your debt — despite the six months … Continued

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