Education loan servicer shuts down, grads left in standard

Education loan servicer shuts down, grads left in standard

Karen Morris will pay all her bills on time. Unfortuitously, which will not need assisted within the situation of her education loan, WCPO reported.

The college that is former recently received a page through 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 because they do say it had been an educatonal loan scam,” she stated.

The FTC claims Mission Hills took much more than $23 million from university grads like Morris, then again presumably kept the cash and neglected to repay their student education loans. (more…)