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FTC sends payments to people who paid for student loan debt relief

The FTC is sending checks totaling more than $316,000 to 10,689 people who lost money to a student loan debt relief scheme. 

According to the FTC, the defendants falsely told consumers that, for an upfront fee of $699 and a monthly fee of $39, they would permanently lower or eliminate student loan debt. In reality, the payments could change every year, and loan forgiveness was not guaranteed for anyone. The defendants included SLAC (which also used the name Aspyre), Navloan, and Student Loan Assistance Center.

If you get a check, please cash it within 90 days. 

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 1-888-440-0371.