Failure to Pay Student Loans Leads to Clearance Denial

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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