Several Sallie Mae accounts have appeared on Instagram since the government shutdown Tuesday.
Many claim to be offering loan forgiveness to followers.
The accounts, however, are fake. A spokesperson told BuzzFeed:
"We do not have a contest or sweepstakes on Instagram.
Some people are using the government shutdown to create Internet hoaxes about several different companies, and this is one of them. Student loans are unaffected by the government shutdown. We're here to assist you with any borrowing and repayment needs, as usual.
You can follow us on Facebook and Twitter for official news about saving, planning and paying for college. Our Twitter handle is @salliemae and Facebook page is Facebook.com/salliemae."