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Education loan servicer shuts down, grads left in standard

Karen Morris pays all her bills on time. Regrettably, that will not need assisted when you look at the situation of her education loan.

The former university student recently received a page through the FTC informing her that it’s freezing the assets of her student loan servicing business, Mission Hills Federal of north park.

“The Federal Trade Commission had been 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 university grads like Morris, then again allegedly kept the amount of money and neglected to repay their student education loans. Sigue leyendo