It has come to our attention that there is a scam targeting students, claiming that your student loan account has been flagged as eligible for a recent stimulus and relief legislation. They will tell you that your student loan account is eligible for a COVID-19 related relief program and that all you need to do is apply, while also stating that the funding can be provided immediately and operates on a “first-come, first-serve” basis. It may seem legitimate, but this is a scam. Please do not give them any of your personal information if you are contacted.

There is a moratorium on federal student loan payments, but there is no such relief program. The only COVID-19 related funding available for students is the Canada Student Service Grant (CSSG), Canada Emergency Student Benefit (CESB), and the Canada Emergency Response Benefit (CERB).