November 20, 2023

Student lender Prehired has been ordered to shut down permanently, pay more than $4.2 million in restitution, and void nearly $27 million in outstanding loans for allegedly trapping students with unlawful loans and employing abusive debt collection practices.  According to the CFPB and the attorneys general of 10 states, Prehired’s 12-week online training program made false promises about its ability to help students obtain six-figure paying jobs, while keeping them in the dark about key loan information.  CFPB; DE AG; NC AG

Tagged in: Education Fraud,