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Who is Making Bank Off For Profit Schools. Let’s Take a Look at Adtalem

Cash Money

Higher Education in the United States was once considered a civic activity intended to improve people’s lives and benefit society. Then some people realized they could make money in the education racket, and the for-profit-college industry was born. Who makes money from for-profit colleges? Mostly hedge funds, equity funds, and institutional stockholders. Let’s look at …

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FTC Opens the Door to More Defense to Repayment Claims for Student Loan Forgiveness

The FTC made the announcement below that seems to open the door for students with federal student loans to explore the possibility of applying for a Borrower Defense Loan Discharge. The Federal Trade Commission put 70 for-profit higher education institutions on notice that the agency is cracking down on any false promises they make about …

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Another Example of Student Loans Discharged in Bankruptcy

I’ve been writing more about bankruptcy cases that have resulted in student loan discharges, see here. And in doing some more research I came across another case from 2012. In the Northern District of Georgia a consumer was able to get the following loans discharged: Oakland Community College – $754.80 Texas Guarantee Student Loan – …

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