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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 ...
If you apply for a Direct Consolidation Loan in order to combine all of your existing federal loans, for instance, you can select a servicer to manage your new loan. You can also change loan ...
To say the staggering student loan debt is a crisis is an understatement. It impacts almost 43 million people, according to the Department of Education, and scammers are taking advantage of the ...
In 2022, the EDMC schools Argosy University, The Art Institutes, Brown Mackie College, and South University were among 153 institutions included in student loan cancellation due to alleged fraud. The class action was brought by a group of more than 200,000 student borrowers, assisted by the Project on Predatory Student Lending, part of the ...
Key takeaways. Direct Consolidation Loans and private student loan refinancing helps make federal student loans more manageable by rolling several balances into a single loan product.
Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size.