Feds, 11 States Crack Down On Student Loan Scams

Federal and state officials have launched the first national crackdown on companies that they say gouge student loan borrowers, accusing them of taking more than $95 million in illegal fees in recent years and falsely promising debt relief. The Federal Trade Commission, 11 states and the District of Columbia announced Friday they had filed 36... Richard Read is a writer at NerdWallet.

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