Beware of official-looking loans...

Posted by andres.valenzuela on Tuesday March 6, 2007

According to student loan borrowers and consumer advocates, loan companies-including legitimate ones-increasingly send solicitations that resemble actual loan documents or government-issued letters," U.S. News and World Report reports. "'Direct-to-consumer marketing for student loans has exploded. ... We're seeing the propagation of these types of aggressive, sometimes misleading mailings,' says Luke Swarthout, higher education associate for U.S. PIRG, a public interest advocacy group."

Read the March 1, 2007 article here.
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