There are definitely some cases out there where the schools and the loan managers have manipulated and defrauded the loan holders from the start. Navient just settled a case. Some of these school manipulated students who were not financially savvy into thinking that a $50,000 dollar student loan, to obtain an associates degree was worth the risk. Calculations on future earning and graduate employment were not truthful. Some of the stories I read reminded me of the check cashing industry, which also has a history of manipulating and distorting numbers to financially simplistic individuals who are looking for a way forward.
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