This company is on the NerdWallet Student Loan Watch List. The list flags student-loan businesses and individuals hit by enforcement actions, court judgments or liens, or bad ratings from the Better Business Bureau. Learn more in Who Gets Listed.
The U.S. Department of Education ordered Student Loan Consultants of America in 2016 to remove the agency’s official seal from the company website and to state clearly that it has no government affiliation. The company is also known as The Center for Student Debt Reform.
Enforcement actions: The Education Department issued a cease and desist order in 2016 about use of the seal and directed the company to post a disclaimer clarifying that it has no connection to the agency.
What the company claims to provide: Help with ending wage garnishments, enrolling in loan forgiveness programs, lowering monthly payments and consolidating federal student loans
Based: Coral Springs, Florida
Management: Andrew Powell, president
Sources: U.S. Department of Education; Florida Division of Corporations