With college tuition rates soaring, and student loan interest rates set to rise in the coming months, the burden of student loan debt is becoming a serious problem for college graduates. To make matters worse, the lending industry is filled with more scammers and predators than we can count. Recently, lawsuits were filed against several lending institutions that have been accused of fraud for their student loan lending practices, and Mike Papantonio discusses these suits with attorney Jim Magazine who is handling some of those cases on behalf of borrowers.
