The Federal Trade Commission (FTC) is sending more than $5.4 million in refunds to thousands of consumers who were victims of student loan debt relief scam. The refunds were part of a 2018 settlement agreement between the FTC and five student debt relief scam operators who bilked millions of dollars from consumers. These scammers, who operated their schemes using multiple names (see list below), falsely claimed that consumers who paid an upfront fee of up to $1,000 were qualified or approved for loan forgiveness or reduced monthly payments. In fact,…
Read MoreREFUND: FTC sending checks to victims of student loan debt relief scam
