FTC sends second payment to people who paid Student Debt Doctor
The FTC is sending a second round of payments to people who lost money to a student loan debt relief scam.
The FTC sued Student Debt Doctor, alleging that the company tricked people into paying large upfront fees by falsely promising to immediately and permanently eliminate their monthly loan payments and get their loans forgiven. The FTC says that the company also told customers that their loans were in forbearance when they were not and told them not to communicate with their loan servicers. The vast majority of people who paid Student Debt Doctor got little or no relief, and some borrowers ended up owing more.
The FTC first sent payments in June 2022, which resulted in more than $1.4 million in refunds. Because there is still money in the fund, the FTC is sending a second round of payments totaling over $580,000 to 14,067 people who accepted their first payment and paid Student Debt Doctor more than $155.
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 1-844-916-3240.