Red flags: Student loan debt forgiveness scams already being reported

Less than a week since President Biden announced his student loan forgiveness plan -- and already there are reports of scam attempts.

Since the program hasn't started yet, it’s a big red flag if anyone contacts you about it.

"If anybody reaches out to you, whether it’s by phone, email, text – ignore it. You have no idea who’s on the other end of that line. They could be trying to deceive you to get your personal information or your bank account information," warns North Carolina’s Attorney General Josh Stein,

Your student loan forgiveness questions answered

One huge warning sign: If anyone asks for your money. This program is free – and its illegal in North Carolina to charge a fee for debt relief services.

"If they ask for money up front, you know -- they’re criminal," Stein says.

Already paid off your student loans? How to still get forgiveness

"If you don’t know if you’re eligible, or when you’re going to get your money, just call your loan servicer, ask them," says Stein.

Another warning: Don’t believe anyone who says they can speed up the process of getting your loans forgiven.