Learner loan debt adjustors to refund illegal fees

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Source:   —  April 07, 2016, at 9:04 PM

The loan adjustment firms assistance students with paperwork needed to consolidate federal learner loans. Attorney Common Bob Ferguson in a statement said the firms "preyed on students who sought their help."Among other illegal activities, the companies charged up-front fees between four and twenty-seven times the valid limit and also charged monthly fees higher than allowed, the release says.

Learner loan debt adjustors to refund illegal fees

The state Attorney General'south Office says several learner loan debt adjustors in WA that overcharged hundreds of students and collected illegal fees will refund the money,

The office on Thursday announced six loan adjustors agreed to pay back $162.000 to three hundred forty-six students after being sued by the state.

The loan adjustment firms assistance students with paperwork needed to consolidate federal learner loans. Attorney Common Bob Ferguson in a statement said the firms "preyed on students who sought their help."

Among other illegal activities, the companies charged up-front fees between four and twenty-seven times the valid limit and also charged monthly fees higher than allowed, the release says. They've agreed to adhere to the law and be monitored in the future.

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