Consumer complaint received 2016-05-23
Product: Student loan — Non-federal student loan
Issue: Dealing with my lender or servicer — Don't agree with fees charged
Company: Campus Student Funding, LLC (CA)

Dear CFPB, This is my second complaint on your board and I hope you do receive and read this. I am a former student of XXXX XXXX -- XXXX. Recently my federal loans have been thankfully forgiven and takes a very heavy burden off my shoulders. I have no problem paying for student loans as long as I did learn something from the time and also possibly a new skill to use in the world. 

However, the Corinthian system and also it 's private lending program has been found to be deceptive in their practices, and the law of the universe is that truth always comes out, one way or another. In my own experience, I have no problems with the teachers nor education in my campus, I did learn and everyone was always very kind to me. That however is the most I can say. 


Since attending this school, I have been forced to take out overpriced amounts from the government and to add to that an additional loan from private programs. The money that was promised to be by my Financial Aid advisor I have never seen even after almost 2 years of school. 

The private student loans I took out I immediately had to pay before I began my classes. The difficulty in your first month and already paying for a loan for me was difficult as I only maintained a part time job aside from taking care of filial duties with my family at home. My sister was kind enough to pay for this loan off the bat. I have paid this private loan off recently XX/XX/XXXX whilst XXXX was still coming under fire. 

I have recently asked for a reimbursement from Campus Student Funding LLC for monies paid -- they declined. This is money that I should not have paid for from the beginning. I quote XXXX stating that " paying for these loans from the beginning teaches students about financial obligations and responsibility ''. After what XXXX was found for, that quote is the most heinous, greedy and almost evil statement due to what the hidden motives of the school were. 


I 'm complaining about XXXX -- Campus Student Funding LLC. They have worked with Corinthian in scamming students into high priced extra loans that were used as a mere gambling scheme to fill their pockets, defraud other individuals, and play with lives of already financially struggling individuals by forming a plan to suck the money right out of their pockets and be used as a trading and bargaining tool for profit. 

XXXX - CSF LLC has several class action lawsuits vs them and their affiliates for defrauding investors of the company, and have been found that XXXX was one of their biggest profit makers, through deceptive agreements with the college behind officials and students for mass profit. 

XXXX CEO 's have now stepped down amidst the fire and a court appointed receiver is now in charge of liquidating assets. This is the time to make a move for the people and students and finally close the chapter for financial burden in this " XXXX private student loan program ''. 

I am looking for a settlement of the money I paid only in principle which is {$2700.00} not including interest ( 8 % ). With the truth out about this XXXX partner in crime, I believe it is fair for the receiver to forgive student loans owed and to reimburse the students of money paid already. 

I have included court documents, local Oregon news articles that have tied this scheme with XXXX from the beginning but now have just been found and their time is up. As I said in life, the constant is truth, and I believe this can be a close to the XXXX tragedy of high tuition loans and deceiving students. 

Though I will return to school, for profit colleges and institutions from now on will be vigilant in their main cause of existence, which is helping others before helping themselves. 


I would like a response about a reimbursement and relief and CFPB a response about their current standing with this company.