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Lenders might wrongfully impose undisclosed, hidden penalties when consolidating student loans.

Click here if you have had similar experiences as those affected by this investigation.

Investigation Source

Abbey Spanier Rodd & Abrams

212 East 39th Street
New York, NY

Investigation Scope

Nationwide

Category Information

Investigation Topics

Education
Excessive or Unauthorized Fees
Student Loans
Questionable Lending Practices
Undisclosed Fees

Product or Service

Student Loan

Injury Type

Monetary Loss

Investigation Details

Investigation and pending class action lawsuit against Education Finance Partners, Inc. and Affiliated Computer Services. The class action complaint alleges that Education Finance Partners and Affiliated Computer Services, Inc., applied hidden penalties when they consolidated student loans. Education Finance Partners, Inc. and Affiliated Computer Service never disclosed these additional fees and penalties to consumers and the consumers never agreed to pay those hidden fees.

Defendant Details

Name (Stock Symbol)	Brief Description
Education Finance Partners, Inc.	Education Finance Partners, Inc. provides student and consolidation loans through various not-for-profit schools. On December 16, 2008, Education Finance Partners Inc filed a voluntary petition for liquidation under Chapter 7.
Affiliated Computer Services (ACS)	Affiliated Computer Services is a fortune 500 company with 70,000 employees working in 100 countries generating over $6 billion in annual revenues. Affiliated Computer Services provides business process outsourcing and information technology services and solutions to commercial and government clients worldwide.

Click here if you have had similar experiences as those affected by this investigation.

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