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Violation Tracker Individual Record

Company: Academic Financial Advisors LLC dba Alumni Support Center
Penalty: $179,067
Year: 2023
Date: December 12, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Alumni Support Center will pay $179,067 to resolve allegations it collected illegal up-front fees to enroll consumers in federal repayment programs that consumers can enroll themselves in for free. It also charged these fees before performing the promised services, which is illegal under Minnesota law regulating debt settlement services.
Level of Government: state
Action Type: agency action
Agency: Minnesota Attorney General
Civil or Criminal Case: civil
Facility State: Minnesota
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.