» » Porter and Chester Institute | 1362679

Complaint / review / scam report
Porter and Chester Institute
Do NOT sign a loan from Institutional Student Finance Corp

Complaint / review text:
My son signed loan papers from Institutional Student Finance Corp. When PORTER AND CHESTER INSTITUTE advisors put them in front of him to get a loan for the school.

The page with the finance info "got lost" and years later has never been found. It took me two years to find out the interest rate was 13.99%. Even though their name is Institutional Student Finance Corp they do not write student loans, so they can charge whatever interest rates they want. (Loan Sharking?) We paid extra to get rid of the loan...

And they stopped sending bills!!!

Because we were paying online, without seeing a bill, we did not realize we were being charged $200 a month for interest on a $332.88 bill. When I finally found a number to call and question the charge I got "oops, must be a hiccup in the system" Any school that would place students with this company is not a school anyone should be in.

Contact information:
Author: Contact with Author

Offender: Porter and Chester Institute

   State: Massachusetts   City: Woburn
Phone: 8008706789

Category: Education & Science


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