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IL: Madigan Sues Companies Claiming To Reduce Student Loan Debt



Companies that promise to help cut down or eliminate student loan debt are apparently preying on people who are having trouble making their payments. 

Attorney General Lisa Madigan is filing suit against two of the companies today. 

She says Texas-based Broadsword Student Advantage and Chicago-based First American Tax Defense both deceived clients and charged as much as 12-hundred-dollars in bogus upfront fees. 

Madigan says the companies also offered fake services, such as the "Obama Forgiveness Program."