by Tilly Armstrong at Daily Mail
- The scheme tricked victims into taking over the servicing of their student debt
- Instead of making monthly payments on their behalf, they pocketed the money
- Were you a victim of this student loan relief scam? Email money@dailymail.com
Thousands of student loan borrowers will receive a share of $4.1 million in refunds after losing money to debt relief scammers.
Some 27,584 victims will receive a check from the Federal Trade Commission (FTC), the agency announced today.
A phony student loan relief scheme, which went under a variety of names including Mission Hills Federal and The Student Loan Group, lured in Americans with the promise of affordable repayment plans or forgiving their debts entirely.
Instead, the scammers pocketed their monthly loan payments.
The FTC filed a complaint against the scheme in 2019, alleging that since 2014 it had tricked students into paying hundreds, or even thousands, of dollars in illegal upfront fees and fake loan payments…
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