AG Keith Ellison announces $30M settlement with alleged predatory lender
MINNEAPOLIS — Minnesota students who are victims of predatory lenders may be in for a paycheck.
Attorney General Keith Ellison on Monday announced a settlement of more than $30 million in relief to student borrowers.
Prehired will have to refund students' money, void outstanding income shared agreements and permanently close.
Prehired was a 12-week training program that allegedly promised students entry level positions with six-figure salaries and lied about not collecting loans from them.
Minnesota students will see nearly $80,000 refunded.
Earlier this month, Ellison announced another settlement with California-based student loan debt relief company Network 46. Ellison alleged Network 46 violated Minnesota law in its repayment program. The settlement required Network 46 to pay out more than $59,000 in refunds.