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FTC Bars Businesses From Offering Student Loan Debt Relief Services

The Federal Trade Commission has banned several businesses that falsely promised to relieve student loan debt for clients from providing any debt relief services in the future.

Student Advocates Team LLC, Progress Advocates Group LLC, Student Advocates Groups LLC and Assurance Solutions Services LLC settled a complaint made by the FTC for inaccurately claiming that their services would lower or eliminate student loan payments and for charging illegal up-front fees that customers believed were going toward their loan balances.

Read More on Inside Higher Ed