Education loan servicer shuts down, grads left in standard
Karen Morris pays all her bills on time. Regrettably, which could not need assisted in the full instance of her education loan.
The former university student recently received a page from the FTC informing her that it is freezing the assets of her education 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, however presumably kept the cash and neglected to repay their student education loans.
But that is not the part that is worst. Now the usa Department of Education informs her it shall simply just take her tax return or garnish her wages to acquire the cash she owes.
