Student Aid Institute (CFPB payments)
Checked October 15, 2026 against the official notice · Edited by Ferhat Abdullahoglu
Free to check. We remind you before deadlines. You file on the official site.
This is a closed government refund program from the CFPB against Student Aid Institute (SAI) for charging illegal upfront fees and deceiving consumers. Payments and check reissue requests are no longer being honored as the distribution period was from February 2017 to February 2019.
Who qualifies
“The CFPB alleged that SAI charged consumers illegal upfront fees, deceived consumers about the benefits and terms of its services, failed to provide required privacy notices, and falsely represented an affiliation with the U.S.”From the court-approved notice
How to file
There's nothing to file: class members are paid automatically once the settlement is final.
Is this settlement legit?
Yes. It's a court-approved class action settlement (case 2016-CFPB-0008), run by RUST Consulting. The official site is consumerfinance.gov. You never pay to file a claim. How to check a settlement notice.
Related settlements
ClaimWell summarizes the official notice so it's easier to read. It isn't legal advice; the official settlement site is the authority on who qualifies and what each claim pays.