The article highlights the deceptive practices of third-party student loan consultants, who charge borrowers for services that could be rendered for free by government organizations. Based on the author's experiences as a federal student loan collector, it's clear that these consultants mislead borrowers into believing they have resolved their debt through consolidation, which often is not true. The author argues that legislation should be introduced to eliminate such predatory behaviors, as they interfere with federally owned debts and can cause significant financial harm to individuals seeking assistance with student loans.
Third party student loan consultants often deceive borrowers, costing them unnecessary fees for services that can be done for free, leading to misconceptions about their loans.
The practices of these consultants are predatory, as they trick people into paying for paperwork that the government provides at no charge, often leading to debt-related issues.
Collection
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