AG Jennings Announces $30-million Order Against Student Lender for Illegal Practices

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A Delaware bankruptcy court has approved a stipulated judgment that will require bankrupt student lender Prehired to provide over $30-million in relief to student borrowers nationwide. Delaware AG Kathy Jennings says Prehired made false promises of job placement, trapping students with income share loans that violated the law and resorted to abusive debt collection practices…

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