Regulators land hard on student loan debt settlement frauds Student education loans will be the 2nd biggest type of financial obligation into the U.S., surpassed just by mortgages. Over 42 million Americans of most many years have education loan debt totaling a lot more than $1.4 trillion. The typical 2016 graduate owes $37,000. Standard prices have reached an all-time high, with about 8 million borrowers having stopped payments that are making. Most of these figures are fodder for scammers. The FTC and Attorneys General in eleven states therefore the District of Columbia have launched “Operation Game of Loans, ” the very first ever coordinated federal-state enforcement effort against education loan debt settlement frauds. The FTC alleges that the firms charged […]