Core

My free form ranting often leads to realizations that I wouldn't find on my own.

The people who resolutely remain polite and on topic in the comments often reveal something.

Terrapod mentions students who over borrowed to get some play money they didn't expect to have to pay back because...  Well the Democrats have been promising it for 15+ years.

I kinda suspect that this is ALL people who're up to their eyebrows in student loan debt in his mind.

They are not innocent waifs caught unawares.  They are working the system to their benefit and others detriment.

They are not whom I'm talking about when I'm raging.  We're talking about different populations of debtors.

I specifically mentioned Corinthian Colleges.

I'm a victim!

I've been plugging away at the loans for years, but interest is more than the payment, so I'm not making headway.  The interest being frozen since COVID has seen the balance come down for the first time in a long while.  That interest freeze is well within the constitutional bounds the president can do too!  Go me!

I'm not asking that a taxpayer cover my debt, but the people that screwed me walked.  I want them punished for what they did.

When I started my third college adventure it was with Florida Metropolitan University.  It was an independent and respected business school that had been around since the 1940s.

By the time I graduated it was owned by CCI.  With different accreditation.  The Department of Education signed off on that.

Thanks to an unfavorable job market and the reality of The Boy I was unable to put my degree to work.  Notice above where we're paying on the loan?

Today, though, that degree is devoid of value.  CCI was found to be making illegal loans to thousands of students.  When the folded, all the degrees EXCEPT Wyotech became bum-wipe.  If you'd managed to get some job experience before the reputation fall, you managed to escape the trap.  Harvey did this.

These student who were screwed by CCI are the people I am advocating need some relief from the process.  They don't have an actual degree, the degrees they earned weren't for belly lint weaving.  A bachelor's in business admin isn't a fluff degree.

If I were to do it over, I would not have returned to college.  But when I started, business admin grads were in demand, not so much when I was ready to reenter the job market.

What pisses me off the most about much of this were the state-run universities doing the exact same thing that weren't shut down or even meaningfully fined.  Their degrees have the same value as before the DoE cracked down on the predatory lending.  Private schools, invariably, went out of business and the degrees became abrasive toilet paper.

Side Note: The Lovely Harvey worked in student finance for Everest University while this was all going on.  She was terminated for trying to explain to her boss that what they were doing was illegal.  She was even interviewed by the DoE about it, but was never called to testify.

Her former employment with a CCI school has hampered her career.

So, when I talk about many of these students being victims of the schools, I have inside information, I'm married to someone who was nearly a whistleblower.  If she'd gone to the press or law enforcement, instead of her boss, we'd be rich from the wrongful termination suit.

Second Side Note: Harvey works at a non-profit independent college listening to the sales calls from admissions and financial aid to get the scumbags who lie and cheat fired and/or (occasionally) arrested.  She can't do anything about the over-borrowing practice, but her college is not allowed the same latitude that land-grant schools are in over-lending.