FTC sends refunds to people charged upfront fees for student loan debt relief
The FTC is mailing checks to more than 6,000 people who lost money to a debt relief scheme that used several business names, including Student Debt Relief Group, SDRG, Student Loan Relief Counselors, SLRC, StuDebt, and Capital Advocates Group.
According to the FTC, these companies tricked people into thinking they were affiliated with the Department of Education, charged illegal upfront fees for free government programs, and collected monthly fees they falsely claimed would be credited toward student loans.
The FTC originally issued PayPal payments in February 2021. The agency is now mailing checks to people who did not claim their PayPal payments in February.
If you receive a check, you have 60 days to cash it.
You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-833-961-3421.