Using deceptive ad slogans like Obamas New Forgiveness Program and We Work for the Department of Education, private companies are charging student-loan borrowers for services that falsely claim to provide debt relief, forgiveness, and consolidation. The pervasiveness of these so-called debt-relief companies is a growing problem for millions of borrowersa problem that gets far too little attention.
In July 2016, Student Debt Crisis and NerdWallet conducted a survey of customers of privately operated student-debt-relief companies in an attempt to shed light on their abusive profiteering. Prior to this survey, advocates, experts, and legislators remained large…
Read the full article at: https://www.thenation.com/article/new-report-sheds-light-on-profiteering-by-so-called-debt-relief-companies/
