We never thought that this would be possible however there are payday loan companies out there that are advertising student loan payday loans!  Yes it is true.  With the current APR on student loans at an already unbelievable percentage, a payday loan company comes and offers to offer students payday loans to cover their financial aid?  This is absolutely absurd, a noted of by this website.

There is also an article on this subject regarding the matter over here at the Daily Mail, where you can read the article more thoroughly.

In brief, this payday loan company called Wonga, charging students payday loan APR over 4000%!  Can you believe this madness?  We certainly can't.  The company claims that they are no longer offering these financial services to students and longer, and we are glad because this type of loan arrangement would be putting lot of students in debt very quickly.  According to the company it was a minor incident involving search engine optimization gone wrong.


We are asking you to speak your opinion on this matter and make it known that it is not okay for payday loan lenders to offer payday loan to students who are already in financial distress.


Please do us a favor and leave a comment below that we can let these financial institutions know that this is not okay!