WRGB Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Politicians warn about student loan scams

MONTPELIER, Vt. (AP) -- Vermont's congressman, attorney general and main student finance entity are warning consumers away from companies that promise to relieve student loan debt.

Attorney General William Sorrell says customers could end up paying a lot more for no real benefit in dealing with student loan burdens.

He spoke at a news conference Friday with the president of the Vermont Student Assistance Corp. and Congressman Peter Welch, who said many of the companies are simply scam artists.

Officials released a list of 15 companies. A manager at one of them, Mike Fernandez of the Miami-based Student Aid Center, agreed that consumers can perform for themselves the services his company offers. But he said many prefer to rely on his company's expertise.