Categories
Spot Loan

Education loan servicer shuts down, grads left in standard

Education loan servicer shuts down, grads left in standard

Karen Morris will pay all her bills on time. Unfortuitously, which will not have aided within the full situation of her education loan, WCPO reported.

The previous scholar recently received a page through the FTC informing her that it is freezing the assets of her student loan servicing business, Mission Hills Federal of north park.

“The Federal Trade Commission ended up being closing them down it was a student loan scam,” she said because they say.

The FTC claims Mission Hills took much more than $23 million from college grads like Morris, then again presumably kept the income and didn’t repay their figuratively speaking.

But that is perhaps not the part that is worst. Now, the united states Department of Education tells her it will simply simply take her taxation return or garnish her wages to obtain the money she owes.