A company accused of preying on student loan borrowers desperate to get out of debt will likely go out of business in the coming days.

On Tuesday, a federal judge approved a final judgment order that would require Student Loan Processing.US to shut down within 45 days and reimburse student loan borrowers who used the company’s services.

The final judgment order is the latest step in a lawsuit the CFPB filed against Student Loan Processing. US. In 2014, it accused the company of illegally charging student loan borrowers before providing them with any services, failing to disclose to borrowers that they would be charged a $39 monthly recurring fee for the lifetime of their loan and falsely claiming an affiliation with the Department of Education.

“Student Loan Processing.US and its owner, James Krause, preyed upon students looking for loan repayment help and fleeced them out of millions,” CFPB Director Richard Cordray said in a statement announcing the final judgment order.

Student Loan Processing is one of many so-called student debt relief scams that regulators have been eyeing for years. The CFPB already shut down one such firm in Florida and states attorneys general filed suits against others.

The companies typically lure borrowers into paying upfront and recurring fees for help managing their loans. They charge for services that borrowers can largely access for free through the Department of Education or their student loan servicers. In some cases, even when borrowers pay one of these companies for help, they still don’t get it, critics say.

Often the companies use logos, URLs, American flags and robocall scripts to convince borrowers that they’re affiliated with the Department of Education. The agency sent two of those companies cease and desist letters earlier this year asking them not to use the Department’s logo.

The student debt relief scams flourished over the past several years as more Americans struggled with student loan debt, creating a population ripe for abuse. Critics say sloppy student loan servicing also fueled the scams. If the private companies charged with managing the student loan repayment process more readily provided borrowers desperate for relief with information about how they could get help, borrowers wouldn’t have to turn to shady operators instead, they say.

If a judge approves the request for final judgment, which was jointly filed by the CFPB and Student Loan Processing, after settlement discussions, then the company and its founder will be barred from the student loan industry. In addition, the company will have to cancel all of its contracts with customers and provide borrowers with the relief.

The judgment order also asks the company to pay $8.2 million to affected victims, but much of that payment is suspended because Student Loan Processing can’t pay it. Instead, the company will pay the CFPB $326,000 toward the $8.2 million that the bureau will distribute to consumers.

John B. King Jr., the Secretary of Education, applauded the CFPB’s action Tuesday in a statement. King said the Department would be working with the CFPB to make sure affected borrowers know how to access options to make their student loans more manageable. “Don’t be fooled — you never have to pay for help with your student loans,” he said.

James Krause, the owner of Student Loan Processing, didn’t immediately respond to a request for comment.

This story has been updated to include the fact that a federal judge approved a final judgment order against Student Loan Processing.US.