Student Advocates Complaints: Refunds for Scam Victims

Quick Answer: The FTC is sending 14,521 refund checks totaling over $822,000 to victims of Student Advocates’ debt-relief scam. The scheme charged illegal upfront fees while falsely promising to lower student loan payments, but none of the collected money was actually paid toward consumers’ loans.The Federal Trade Commission is sending 14,521 checks totaling more than …

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Education Solutions Refund: What to Know

Quick Answer: My Education Solutions customers seeking refunds should follow a step-by-step escalation process, starting with giving the company a second chance to resolve the issue before pursuing other options. The company remains operational despite past legal issues, and a systematic approach increases chances of recovering fees.Question:Dear Steve,Hello, my wife signed up with My Education …

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Student Loan Movement: Scam or Legit?

Quick Answer: Student Loan Movement appears to have mixed legitimacy, with the BBB giving them an F rating despite some successful loan forgiveness cases. The company’s lack of transparency about services and fees raises red flags, so clients should review their agreements and verify exactly what services they’re paying for.Question:Dear Steve,I believe a friend may …

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Student Loan Scam: Employees Face Jail Time

Quick Answer: The Department of Education announced new criminal penalties for unauthorized third parties accessing student loan systems, including fines up to $20,000 and imprisonment up to five years. Nonprofit organizations providing loan counseling are exempt if they obtain proper third-party access credentials through authorized channels.The Department of Education has just announced a new policy …

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Is Student Loan Debt Relief Legit or a Scam?

Quick Answer: Student loan debt relief companies include both legitimate services and scams, with California’s DFPI recently requiring Amerifed Doc Prep LLC to pay $1.37 million in penalties and refunds for illegal advance fees. Borrowers should contact the U.S. Department of Education or their loan servicer directly rather than third-party debt relief companies.The California Department …

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Student Loan Relief FTC Settlements: What to Know

Quick Answer: The FTC settled with Student Advocates Team and related companies for charging illegal upfront fees and falsely promising to eliminate student loan debt. The defendants are permanently banned from debt relief services and face a $24.5 million judgment, though they’ll only pay $11,500 due to inability to pay.The operators of a student loan …

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