AFT Sues MOHELA for Allegedly Misleading Student-Loan Borrowers
Monday, 22 July 2024, 17:02
AFT Suing MOHELA Over Borrower Misleading
The American Federation of Teachers (AFT) has filed a lawsuit against the student-loan company MOHELA for allegedly misinforming borrowers regarding payments and debt relief options.
Allegations of Overcharging
- Claims that MOHELA misled borrowers.
- Concerns over the company’s financial practices.
- Potential overcharging affecting numerous borrowers.
Potential Consequences
This lawsuit may impact the student-loan industry significantly, as it could establish a precedent for similar cases. Borrowers seeking relief from their student loans may see increased scrutiny and possibly improved practices from loan servicing companies.
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