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Student Loan Consolidation Scams. The Texas Office of the Attorney General plainly states, “If a company charges you money upfront to consolidate your federal student loans, it is a scam.” ...
How to avoid student loan scams. Getting a bunch of texts, emails and calls about student loan forgiveness? Scams come in different forms, so it’s best to take extra caution. Here are a few ways ...
The California companies used promises of “Biden Loan Forgiveness” to scam several borrowers, the FTC says. Companies preyed on student loan borrowers and made $8.8 million in scam, feds say ...
Alaburda, a 2008 honors graduate, claimed that despite graduating at the top of her class and passing the California bar exam, she was unable to find suitable legal employment, and had incurred more than $150,000 in student loan debt. This is the first time a law school would stand trial for allegedly inflating its employment statistics.
Cultura RF/Getty Images Student loan debt has become a huge burden on recent college graduates, with figures from credit-reporting agency TransUnion showing that the average student loan balance ...
Specifically, the organization calls for the return of standard consumer protections to student loans, including bankruptcy protections and statutes of limitations. The organization also calls for the removal of exemptions given uniquely to the student loan industry from Fair Debt Collection Practices Act, the Truth in Lending Act, and state usury laws. [1]
The board of directors is composed of students (appointed by the undergraduate and graduate student associations), UCLA administrators (appointed by the campus chancellor), a faculty member (appointed by the Academic Senate), and alumni [a] (appointed by the alumni association board of directors), with the student members constituting a bare majority.
The Federal Trade Commission has announced it’s sending 27,584 checks to consumers victimized by student loan forgiveness scams—about $4.1 million in total.