Ohio’s student-loan collector sued for high fees
Bill collectors and law firms working for the Ohio attorney general's office are tacking unreasonably high charges onto the amounts they try to collect from people with long-overdue student loans, according to lawsuits filed by the Legal Aid Society of Columbus. One man said he doesn’t even remember taking out loans totaling $900 in the early 1970s, but the state wants to add more than $1,500 in collection costs to the $2,368 he owes in principal, interest and late fees.
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