FTC Helps End $10 Million Student Loan Debt Relief ... - Investopedia

Dec 9, 2024 · The Federal Trade Commission helped end a $10 million student loan debt relief scheme that allegedly collected illegal advance fees and made deceptive claims that it was …

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FTC Helps End $10 Million Student Loan Debt Relief ... - Investopedia

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Dec 9, 2024 · The Federal Trade Commission helped end a $10 million student loan debt relief scheme that allegedly collected illegal advance fees and made deceptive claims that it was …

investopedia.com

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FTC Sends More Than $4.1 Million In Refunds To People Who Lost …

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Mar 13, 2024 · The Federal Trade Commission is sending more than $4.1 million in refunds to people who lost money to student loan debt relief scammers who lured consumers with fake …

ftc.gov

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FTC Helps End $10 Million Student Loan Debt Relief Scheme

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Dec 9, 2024 · The Federal Trade Commission helped end a $10 million student loan debt relief scheme by Nevada-based company Superior Servicing. A federal court recently placed …

newsbreak.com

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FTC And DOJ Send More Than $9 Million In Refunds To People …

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Aug 22, 2023 · The Federal Trade Commission and the Department of Justice are sending more than $9 million in refunds to consumers who lost money to Ameritech Financial, a student loan …

ftc.gov

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Supreme Court Strikes Down Biden’s Student Loan Forgiveness

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Jun 30, 2023 · FTC Helps End $10 Million Student Loan Debt Relief Scheme That Deceived Many Borrowers Two Student Loan Repayment Applications Are Opening Next Week—Are They …

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Biden Legal Victory Cleared The Way For Student Loan

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Aug 16, 2023 · The action is part of a broader Biden administration effort to relieve student loan debt that has so far forgiven loans for 3.4 million borrowers. ... FTC Helps End $10 Million …

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FTC Sends More Than $273,500 In Refunds To People Who Lost …

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May 5, 2021 · The Federal Trade Commission is sending more than $273,500 in refunds to people who lost money to a student loan debt relief scheme that charged them illegal upfront …

ftc.gov

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Biden Administration Discharges Nearly $4.23 Billion In Student …

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3 days ago · This is the 28th student loan forgiveness action by the Biden-Harris administration and the total amount of loans forgiven or discharged amounts to $183.6 billion for more than 5 …

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Student Loan Forgiveness Blocked Again By Missouri

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Oct 4, 2024 · FTC Helps End $10 Million Student Loan Debt Relief Scheme That Deceived Many Borrowers Trudeau Resigns as Canada’s Prime Minister US Steel Stock Sinks as Biden …

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Biden White House Cancels $39 Billion In Student Debt

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Jul 14, 2023 · The Biden administration has pushed forward with its plans for student debt relief, announcing that over 800,000 borrowers would have their loans canceled, in relief that totals …

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Biden-Harris Administration Surpasses 5 Million Borrowers …

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3 days ago · Across 28 debt relief actions, including today’s, the Administration has announced $183.6 billion in student loan forgiveness for more than 5 million borrowers since taking office. …

ed.gov

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Republicans Ask Supreme Court To Kill Loan Forgiveness

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Feb 7, 2023 · FTC Helps End $10 Million Student Loan Debt Relief Scheme That Deceived Many Borrowers Two Student Loan Repayment Applications Are Opening Next Week—Are They …

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Millions Have Had Student Loans Canceled Under Biden — Despite …

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3 days ago · All those rule changes were meant to be a companion to Biden’s marquee policy for student debt, which proposed up to $20,000 in relief for more than 40 million Americans. But …

apnews.com

FAQs about FTC Helps End $10 Million Student Loan Debt Relief ... - Investopedia Coupon?

Did the Federal Trade Commission stop a student loan debt relief scheme?

In its first case under the Impersonation Rule, the Federal Trade Commission has stopped a student loan debt relief scheme that bilked more than $20.3 million from consumers seeking debt relief by pretending to be affiliated with the Department of Education. ...

Will the FTC take action against student loans?

“These defendants promised to lower student loan payments, but then took millions of dollars from consumers and did nothing, leaving them in deeper debt,” said Samuel Levine, Director of FTC’s Bureau of Consumer Protection. “The FTC will continue taking decisive action against those who exploit Americans struggling with student debt.” ...

Did student loan debt relief Bilk students out of $12 million?

The Federal Trade Commission has stopped a pair of student loan debt relief schemes that it says bilked students out of approximately $12 million by using deceptive claims about repayment programs and loan forgiveness that did not exist. ...

Did the FTC pocket student loans?

In reality, the defendants were pocketing students’ payments, according to the FTC’s complaint. The agency also charges that the defendants falsely claimed to be or be affiliated with the Department of Education, and that they would take over servicing for students’ loans. ...

Did student loan debt relief scammers impersonate the Department of Education?

In two new cases, the FTC says these student loan debt relief scammers impersonated the Department of Education — and one used fake COVID-19 relief programs — to steal a combined total of more than $12 million dollars. ...

Did the FTC lie to borrowers?

The FTC says the defendants lied to borrowers, saying they’d take over servicing their loans (but they didn’t), charged illegal upfront fees, and said the fees would be applied to reduce the loan balance — but that never happened. ...