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In August, the FTC and the Department of Justice (DOJ) announced that over 22,000 borrowers will receive refunds from a $9 million settlement for the Ameritech Financial student loan debt relief ...
Private student loans, on the other hand, have a statute of limitations of anywhere from three to 10 years. After this, they become time-barred. The exact time frame depends on your state of ...
Visit BBB.org to read business profiles and check out companies before working with them. The FTC has consumer education related to student loan debt relief scams. • Report it.
Educational Credit Management Corporation ( ECMC) is a United States nonprofit corporation based in Minnesota. Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education.
More than 46 million Americans share $1.75 trillion in U.S. student loan debt, according to the Federal Trade Commission. For many of us, the idea of cutting down our massive student loan debt at ...
StudentLoanJustice.org is a US grassroots organization founded in 2005 by Alan Collinge with the goal of reforming predatory lending practices in the American student loan industry. Purpose [ edit ] Specifically, the organization calls for the return of standard consumer protections to student loans, including bankruptcy protections and ...
Student loan payments resumed in October 2023, with the average payment estimated at $200 to $299 per month, according to U.S. Federal Reserve data reported on by Fox Business. See: Biden Cancels...
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.. The victims sent money to alleged ...