How about those students who refused the Covid death shot and because of the refusal, they were not allowed to attend class, even online. Now my daughter in law has massive student debt, can't get her Masters Degree in Physiology from Northwestern University because she refused to get jabbed
The case is unrelated to President Joe Biden’s broader effort to forgive student loan debt, which is also before the justices, with a ruling due in the next two months.
The class-action settlement concerns loans that borrowers claim should be canceled because they were taken out based on misrepresentations made by their schools, many of which are for-profit. The settlement could be worth more than $6 billion.
My wife got scammed by one of these schools. She tried to get a copy of her training certificate and they couldn't or wouldnt produce it. Paid 9k for nothing.
What most people don’t get is that there are many schools with predatory lending. These schools LIE about job placement, requirements to graduate (they keep moving the goalposts) and fail to deliver an education. Some even take put federal loans in the students names.
These students are then locked into 8% compounded loans that cannot be lowered (per the govt) while the rest of the world is at 2%.
I have family that went to a well-known school, “great reputation”, that borrowed 40 thou over 5 years only find that they lied about the degree, (moved the goalposts on graduating requirements) etc. It was not an AA that they promised but an AAA which was not recognized anywhere. They couldn’t even transfer their credits to any community college.
They tried to get help, contacted govt agencies that are supposed to monitor these schools, wrote letters, talked to attorneys, etc. No one would help.
Their $40,000 loans now sits at $250,000 plus. They have been locked into poverty for the last 25 years.
So before y’all pile on thinking people are just lazy and stupid…that is not the case. Schools have been cheating for a long time.
Yes my daughter is one that went to one of the schools mentioned- the President of the school is in prison for embezzlement- it was all a scam. $50,000 per each kid and like you said the credits don’t transfer - thankfully it’s been wiped away now. And it is the compound interest that kills you. My 33 y/o son lives with us b/c his student loan is a mortgage payment. We were guilty of talking him into it & encouraging him to go to college- he was the first male in my husband’s side to get a college degree- BUT He’ll be my age by the time his loan is paid off. Definitely wasn’t worth the degree- at least not yet I don’t see it.
Yes, very sad. Hope your son can get ahead. It’s hard enough to get ahead these days without that hanging around ur neck. Ugh…
How did ur daughter get it wiped away? (I’d be very interested in what you did. PM me if you can send me some directions to pass along).
Most people who scream, “I went to college and paid my loan off, you lazy
&$#*$$-ers,” don't realize that they actually got a degree/credits and a job. The people I’m talking about got nothing, got cheated and are now crushed financially forever.
It’s like buying a house and paying on it for 5 years and then finding out the lender lied…you get booted out but are still on the hook for the mortgage that you can’t refinance for the next 30 years. Your credit is ruined and you can’t get another loan.
I don’t think people realize how many of these scammer schools there are. 😕
She only got it wiped away b/c her school was one that was specifically named. I think they named 12 of them in the suit. She’s one of the lucky ones. I can try to find a link w/more info if you can’t find any info
I forget how - my daughter probably was notified and then she told me. Her loan had been in deferment for awhile while it was pending… We filed this like 10 years ago and didn’t hear squat for like 5 years- it was called defense for repayment..
Who’s money is it? If it is taken from the predatory schools or the non government lending institutions, thats awesome. If taxpayers funds are used the SC ahould have intervened!
I paid off the entirety of both my own and my wifes college debt within 6 years of graduating all while building a business, a home and raising 3 kids. I fully financed three childrens education minus the scholarships they recieved.
How about those students who refused the Covid death shot and because of the refusal, they were not allowed to attend class, even online. Now my daughter in law has massive student debt, can't get her Masters Degree in Physiology from Northwestern University because she refused to get jabbed
The case is unrelated to President Joe Biden’s broader effort to forgive student loan debt, which is also before the justices, with a ruling due in the next two months.
The class-action settlement concerns loans that borrowers claim should be canceled because they were taken out based on misrepresentations made by their schools, many of which are for-profit. The settlement could be worth more than $6 billion.
https://www.nbcnews.com/politics/supreme-court/supreme-court-allows-6-billion-student-loan-debt-settlement-rcna79220
My wife got scammed by one of these schools. She tried to get a copy of her training certificate and they couldn't or wouldnt produce it. Paid 9k for nothing.
What most people don’t get is that there are many schools with predatory lending. These schools LIE about job placement, requirements to graduate (they keep moving the goalposts) and fail to deliver an education. Some even take put federal loans in the students names.
These students are then locked into 8% compounded loans that cannot be lowered (per the govt) while the rest of the world is at 2%.
I have family that went to a well-known school, “great reputation”, that borrowed 40 thou over 5 years only find that they lied about the degree, (moved the goalposts on graduating requirements) etc. It was not an AA that they promised but an AAA which was not recognized anywhere. They couldn’t even transfer their credits to any community college.
They tried to get help, contacted govt agencies that are supposed to monitor these schools, wrote letters, talked to attorneys, etc. No one would help.
Their $40,000 loans now sits at $250,000 plus. They have been locked into poverty for the last 25 years.
So before y’all pile on thinking people are just lazy and stupid…that is not the case. Schools have been cheating for a long time.
Yes my daughter is one that went to one of the schools mentioned- the President of the school is in prison for embezzlement- it was all a scam. $50,000 per each kid and like you said the credits don’t transfer - thankfully it’s been wiped away now. And it is the compound interest that kills you. My 33 y/o son lives with us b/c his student loan is a mortgage payment. We were guilty of talking him into it & encouraging him to go to college- he was the first male in my husband’s side to get a college degree- BUT He’ll be my age by the time his loan is paid off. Definitely wasn’t worth the degree- at least not yet I don’t see it.
Yes, very sad. Hope your son can get ahead. It’s hard enough to get ahead these days without that hanging around ur neck. Ugh…
How did ur daughter get it wiped away? (I’d be very interested in what you did. PM me if you can send me some directions to pass along).
Most people who scream, “I went to college and paid my loan off, you lazy &$#*$$-ers,” don't realize that they actually got a degree/credits and a job. The people I’m talking about got nothing, got cheated and are now crushed financially forever.
It’s like buying a house and paying on it for 5 years and then finding out the lender lied…you get booted out but are still on the hook for the mortgage that you can’t refinance for the next 30 years. Your credit is ruined and you can’t get another loan.
I don’t think people realize how many of these scammer schools there are. 😕
She only got it wiped away b/c her school was one that was specifically named. I think they named 12 of them in the suit. She’s one of the lucky ones. I can try to find a link w/more info if you can’t find any info
T/u. Looking into the lawsuit now.
Question…how did you find out about the class action lawsuit?
I forget how - my daughter probably was notified and then she told me. Her loan had been in deferment for awhile while it was pending… We filed this like 10 years ago and didn’t hear squat for like 5 years- it was called defense for repayment..
T/u, I’ll pass it along.
Who’s money is it? If it is taken from the predatory schools or the non government lending institutions, thats awesome. If taxpayers funds are used the SC ahould have intervened!
I paid off the entirety of both my own and my wifes college debt within 6 years of graduating all while building a business, a home and raising 3 kids. I fully financed three childrens education minus the scholarships they recieved.
I want my refund you fucks.