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Sylvia C. Young, CFS, CLTC
Young Financial Group, LLC
920 5th Avenue, Suite 1600
Seattle, WA 98104
Phone: 206-346-3252
Fax: 206-521-8784
Email: scyoung@financialguide.com
July/August 2025
Too Good to be True
As college debt soars, so do the number of scams trying to separate you from your money. The Federal Trade Commission (FTC) reports a sharp uptick in scam complaints since late 2024 when payments resumed after pandemic pauses and Biden's forgiveness plan causing confusion. If you have student loans it pays to beware.
Know Their Tricks
Scammers can duplicate government seals, making their emails look official. Among their false promises is their claim of fast loan forgiveness if you pay an upfront fee ranging from $500 to $1,500 – illegal under federal law – plus demands for sensitive information like Federal Student Aid logins.Understand that no one can offer immediate loan forgiveness. So, make sure any debtrelief offers are legitimate before taking action. Delete the emails and hang up on phone calls from pretenders. Lenders offer ways to make paying back student debt easier.
Sylvia C. Young is a Registered Representative of and offers securities through: MML Investors Services, Inc. (206) 628-8800. Young Financial Group, LLC is not a subsidiary or affiliate of MML Investors Services, Inc. Insurance offered through Massachusetts Mutual Life Insurance Company (MassMutual) and other fine companies. Young Financial Group, LLC and LTM Marketing Solutions, LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Solutions, LLC, an unrelated third party. Articles are not written or produced by the named representative.
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