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Student Loan Charity Under Fire | CBS News
Related Programs:
Education Policy Program, Higher Ed Watch
Education Policy Program, Higher Ed Watch
“These are absolutely not charitable terms,” said Stephen Burd, of the New America Foundation. Burd says Educap charges up to 18 percent interest - triple the government rates and as much or more than for-profit companies. He's heard from dozens student borrowers who complain about costs and aggressive collection tactics, who advise to avoid this company because it is predatory lending. ...
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