Most of us have a bad taste in our mouths when it comes to student debt. High balances and seemingly never-ending payoffs top the list of reasons why. But according to a recent article by CNN Money, there is yet another reason for you to be upset about student loans.
“An investigation found that from 2006 to 2015 the bank charged incorrect late fees and interest, overstated minimum monthly payments, misled borrowers about their tax-deduction benefits, and failed to disclose some required information to borrowers attempting to release their cosigners.”
The article explains exactly what happened with Citibank, and what the repercussions are.
To read the full article, visit the CNN Money site here.
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