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FTC sends refunds to people charged upfront fees for student loan debt relief

The FTC is sending a second round of payments to 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 first sent payments in February 2021, which resulted in more than $1.5 million in refunds. Because there is still money in the fund, the FTC is sending a second round of payments totaling $167,000 to people who accepted their first payment and paid the defendants more than $1,000.

If you get a PayPal payment, you have 30 days to accept it.

If you get a check, you have 90 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.

Consumer Information