Student Loans: Law Graduate Sues Lenders for Interest 'Scheme'

A law school graduate is suing his student loan lender and servicer over what he claims is a "scheme" to wring additional interest from student borrowers. Justin Kuehn, 29, a graduate of George Washington University Law School, accuses Citibank, Discover and Discover's subsidiary, The Student Loan Corporation, of "deceiving" borrowers into believing that their monthly payments had been reduced because of an interest rate reduction when the payment toward the principal had just been lowered. He...Full Story
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