LITTLE ROCK, Ark. (KTHV) - As more and more students rack up college loan debt, scammers prey on their vulnerability. One recent college graduate is out hundreds of dollars after someone convinced her to shell out money to decrease her debt.
College loan debts account for the second highest form of consumer debt behind mortgages and are expected to increase not just in number but also in amount. Which is why, when recent grads hear someone can help them with that debt, they jump at the opportunity.
"They just took advantage of someone who just got out of college and did not know what to do," said Holly Morrison.
Morrison graduated from the University of Central Arkansas in May with $45,000 in debt.
"He just started talking about this is how much your debt is," said Morrison.
In August, she got a call from a company saying it could help her consolidate her loans.