Federal law bars debt relief services from receiving upfront fees before they’ve even renegotiated a single debt for a customer. But one student loan debt relief operation allegedly took in nearly $3.6 million in illegal fees, only to enroll borrowers in programs that are already available for free.
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protecting students
Feds Shut Down Student Loan Debt Relief Operation That Collected $3.6M In Illegal Fees
By 3.30.16
Advocates: Schools Using Forced Arbitration Shouldn’t Receive Federal Aid
By 3.4.16
For-profit colleges that require students to sign away their legal rights, forcing them into arbitration in order to enroll in classes should not receive federal financial aid, a coalition of 47 consumer advocacy groups urged acting Secretary of Education John King on Friday. [More]
