NC Attorney General Settles Lawsuit Against Company Who Perpetrated Student Loan Debt Relief Scam

The consent judgment requires Student Loan Group to refund a total of $377,048 to the student borrowers in conned

NC Attorney General Settles Lawsuit Against Company Who Perpetrated Student Loan Debt Relief Scam
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March 29, 2017

North Carolina Attorney General (AG) Josh Stein announced this week that he has resolved a lawsuit against student loan Group, a student loan debt relief scam.

Student Loan Group claimed that it could reduce a borrower's student loan debt—but instead illegally charged large upfront fees and failed to perform the expert services it promised.

"Thanks to this action, student loan Group will refund more than $375,000 to 377 borrowers it scammed," said AG Stein. "Students across North Carolina with significant education debt deserve effective protection against fraud. It is illegal to charge borrowers an up-front fee for these services, and my office will not let it happen unchecked."

The consent judgment, filed in Wake County Superior Court, requires student loan Group to refund a total of $377,048 to the borrowers in conned. It also prohibits the company from engaging in this type of activity in North Carolina going forward.

AG Stein and the North Carolina Department of Justice (NCDOJ) have made protecting student borrowers a priority in its work. Find out more by visiting NCDOJ's website.