Student loan companies have been found to push higher interest private loans and
to employ unfair bait and switch tactics.

Question

Quizplus · Accepted Answer

There have been numerous reports and investigations indicating that student loan companies have engaged in practices of pushing higher interest private loans and using bait and switch tactics to lure borrowers into unfavorable loan terms. These practices have been criticized for exploiting the financial vulnerability of students and saddling them with high levels of debt.

Student Loan Companies Have Been Found to Push Higher Interest