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Tens of thousands of defrauded students
could have their loans cancelled

CNBC, by Staff

Original Article

Posted By:NorthernDog, 10/16/2018 11:02:03 PM

A judge ruled Tuesday that an Obama-era set of consumer protections for defrauded students will go into effect immediately, after repeated attempts by the Trump administration and the for-profit college sector to delay the regulation. "Today´s decision is a huge win for defrauded borrowers around the country," said Julie Murray, an attorney at Public Citizen Litigation Group. "The rule is finally in effect. No more excuses. No more delays." Judge Randolph D. Moss, a federal judge in Washington, D.C., denied on Tuesday a for-profit college industry group´s request to postpone the rule. That comes after Moss ruled last month

Comments:
Every student who went to a ´for profit´ school can claim to be defrauded. And does anyone believe other colleges are not making a profit om $20K-$40K tuition fees?

      


Post Reply  

Reply 1 - Posted by: LadyHen, 10/16/2018 11:28:18 PM     (No. 11799567)

fta: "In 2016, the Obama administration announced the regulation aimed at canceling the debt of those with degrees from schools that misled or deceived them."

How were they misled or deceived? The article does not explain this predatory lending other than some school closed during or after degrees were given out. It´s an Obama regulation and an Obama appointed judge who upheld it so there has to be more to this that we are not being told.

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Reply 2 - Posted by: Sore Eye Assets, 10/16/2018 11:53:18 PM     (No. 11799588)

This DC Federal "Judge" probably got his "law degree" at the "Universal Life School of Law & Bartending" and he too, would like to get his money back.

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Reply 3 - Posted by: NotaBene, 10/17/2018 12:27:06 AM     (No. 11799599)

Four-year Colleges throughout the country should be given their money back too because they only teach the snowflakes social Justice, feminism and speed dating.

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Reply 4 - Posted by: greggojo, 10/17/2018 12:38:43 AM     (No. 11799600)

These vocational schools are providing necessary training for actual jobs. Many colleges and universities offer totally worthless degrees and leave students with a much larger debt than vocational school students.

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Reply 5 - Posted by: schnapps, 10/17/2018 2:04:51 AM     (No. 11799624)

Why do I get the feeling We the People are going to pay for these cancelled loans?

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Reply 6 - Posted by: Trigger2, 10/17/2018 5:08:18 AM     (No. 11799654)

PT can have Sessions appeal this stupid decision to a higher court.

Cuomo and his freak corrupt party defrauds us taxpayers all the time. I want my tax money back.

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Reply 7 - Posted by: watashiyo, 10/17/2018 5:58:58 AM     (No. 11799685)

This is fundamentally wrong. Expect Tsunami of LOSER students demanding their Title IV student loans to be forgiven. Overwhelming demand will force the agency to process request without vetting or scrutinizing each loans. Situation will be absolutely chaotic and brutal. ....and maybe this is what Doorknob Hussein wanted. A vote getter for the coming elections. Timing is perfect!

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R-TA-Wide_2
  


 
Reply 8 - Posted by: Lazyman, 10/17/2018 6:11:59 AM     (No. 11799692)

I´m pretty sure the staff who wrote this article, which seems short on actual facts and information, are among those short changed on their education and due a refund.

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Reply 9 - Posted by: GO3, 10/17/2018 6:20:21 AM     (No. 11799695)

Just get the funds from the bloated athletics departments.

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Reply 10 - Posted by: paperpuncher, 10/17/2018 7:11:11 AM     (No. 11799735)

1) I do not understand how the schools were defrauding the students. If they were telling them they will get a high paying job with a liberal arts social justice degree, I would call that fraud.

2) If the school defrauded the students then the school should pay back the loan. The article made no mention of who pays back the loan!!

I suspect I know who, the taxpayer. These kids need to go to technical and vocational schools and learn a skill they can make a good living on and they should be working their way through.

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Reply 11 - Posted by: alecto2, 10/17/2018 7:25:56 AM     (No. 11799750)

Many schools took on students who had no hope of completing the classwork, took their student loans and then failed them. It is all about getting "bums in seats" irrespective of ability. Still happening in schools today. This what happens when the administrator "corps" runs the school rather than educators.

Then, layer on top of this, the ´rats favorite rapist, Long Dong Bill, made student debt non-dischargeable in bankruptcy. Wonder hoe much he got from the bankers for this little gem?

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Reply 12 - Posted by: Pepper Tree, 10/17/2018 7:41:41 AM     (No. 11799768)

Sue the colleges right out of their ivory towers. Turn every building currently housing social engineering and race & gender grievance “studies” into industrial science labs.

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.LockDme.
Lock-17


 
Reply 13 - Posted by: grampus, 10/17/2018 7:53:55 AM     (No. 11799780)

Much of this problem is a result of social-justice/political measures rather than concern for true educational and/or training goals. Accreditation bodies used to have legitimate goals and compliance teeth. Expenditures of federal money on post-secondary education and training worked fairly well when the major spigot was the "GI Bill" in its various forms. The downhill slide pretty much began with application of the GI Bill to for-profit schools...many years ago. Accrediting bodies increased in number. Many of the newer accrediting bodies were a joke. Today, if I were clever enough, I probably could get an accrediting agency to approve of my correspondence "degree" specifically for left-handed barbers, with allowances of course, for all of the special groups not meeting the stated requirements. Dispensing of federal funds for post-secondary education and training is today in many ways much like feeding hogs.

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Reply 14 - Posted by: Abingtonjim, 10/17/2018 8:04:33 AM     (No. 11799793)

Cash for Clunkers redux!

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Reply 15 - Posted by: strike3, 10/17/2018 8:07:05 AM     (No. 11799794)

Bingo to #12. I knew many students who were not much more than seat warmers but they are not owed any money because we already paid for four years of Party 101. If anybody was defrauded by schools it was Barack and Michelle. Their schools told them that they were important and could be somebody.

What they really told Barack was that he was impotent and Michelle could be somebody else instead of Michael. Now that´s fraud.

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Reply 16 - Posted by: poliposter, 10/17/2018 8:32:41 AM     (No. 11799829)

#2, My own kids (and I have more than a few) have attended "government" universities and private universities. The private ones, besides being outrageously expensive, were the ones where the brainwashing occurred. The public universities were no nonsense and provided the best career services departments. My advice: if you want to go to college, go to an in-state public university, at least for undergrad, and pick a useful major. Additionally take advantage of the arts offered at a big school.

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Reply 17 - Posted by: poliposter, 10/17/2018 8:33:17 AM     (No. 11799830)

oops, I meant #1

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.R-LJ.


R-LJ
  


 
Reply 18 - Posted by: thusnelda, 10/17/2018 8:41:39 AM     (No. 11799840)

As a mental health social worker, I have met several college students who were not capable of successfully completing a class, let alone a degree. They were just strung along with student loans, and right before graduation, the college would find a reason to not graduate them. So then they were left with no degree and lots of student debt. There should be something that protects people from predatory behavior like this from colleges.

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Reply 19 - Posted by: Patchy Groundfog, 10/17/2018 8:44:52 AM     (No. 11799846)

Here´s the deal: if you´re a women´s studies or ethnic studies graduate we will cancel your loan - and your fraudulent degree.

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Reply 20 - Posted by: Rumblehog, 10/17/2018 8:47:09 AM     (No. 11799850)

Typical of most leftist propaganda organs, they refuse to give much detail of the "free money" program, which is infuriating. But, from the article:
"In 2016, the Obama administration announced the regulation aimed at canceling the debt of those with degrees from schools that misled or deceived them."

So, does this mean they paid for the "car" with taxpayer money, discovered it was a "Yugo" and not a "Porsche" refused to make payments on it, so now the "bank" (taxpayers) are stiffed with a Sons of a Barack out driving his "Yugo," till it drops. What´s next, free insurance, repairs, and gas for life too?

Bad decisions have consequences. These Sons of a Barack couldn´t get into any "normal" Colleges and Universities, so they instead opted for the "shortcut" and went to a "Highway College," believing the lie that a degree in "Medical Technology" is just as good as a "Registered Nurse."

Once again, Democrats throw down to protect their fools for whom being parted from other peoples´ money is a normal occurrence.

I believe President Trump can´t lift a finger on this matter, because of his "Trump University" and its fallout. I hope I´m wrong and he can correct this wrong-headed judge legislating from the bench.

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Reply 21 - Posted by: gone2pot, 10/17/2018 8:57:08 AM     (No. 11799873)

Imagine that. The government takes over the student loan programs, hires Uncle Bob´s or Cousin Janet´s student loan company, both of whom are relatives of Democrats and give heartily to the DNC and local Dem candidates, then unscrupulous schools see the free sugar teet money, hike their prices to the moon (for Rio Lindans, when things are free or loans are easy to get, the demand for those things go up, hence prices go up, it´s called supply and demand and has been around yet ignored by Americans for decades) and promise all kinds of job opportunities in video gaming, "general" management (whatever the hell that means), etc. After the students get their education and find out that a motel manager at the Super 8 in Aberdeen, South Dakota doesn´t quite pay enough, they claim fraud and get their loans wiped clean. The schools, who also gave heartily to the Marxists get their jack. The loan companies, some legit, most illegit, still get their Uncle Sugar teet loan guarantees paid off by YOU. Who the hell saw that coming? It´s a damn good thing governments are involved where they shouldn´t be or else there´d be 20 billion a year in Medicare fraud or you wouldn´t get to keep your doctor or your plan. Oh, wait...

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Reply 22 - Posted by: Muncsdad, 10/17/2018 9:14:52 AM     (No. 11799902)

This is being ginned up to make the GOP look bad for not embracing this and thus getting millennials to vote for Democrats and another freebie.

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Reply 23 - Posted by: bigfatslob, 10/17/2018 9:31:42 AM     (No. 11799930)

This is great news a judge from the bench can stop a moving train. Activist Antifa Susie Creamcheese can get her money back from Skyhigh University where she majored in African Studies with a minor in Glass Blowing and Underwater Basket Weaving. It´s a great day in the neighborhood.

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Reply 24 - Posted by: snowoutlaw, 10/17/2018 11:20:51 AM     (No. 11800065)

Soon I expect most politicians to have to return all campaign funds for the same reason.

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Reply 25 - Posted by: stablemoney, 10/17/2018 12:09:55 PM     (No. 11800117)

Obama´s takeover of the college loan industry was illegal to begin with. That should be reverse. The borrower defense rule, as described by the left, is also a fraud. The loan is between the student and the government, a contract separate from the student´s choice of schools. If the student has a cause of action against the school for non-performance, the student needs to sue the school. As for the student´s loan, the student needs to pay the loan. The loan contract, nor the law, does not provide protection against unspecified risks of school selection by the student.

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Reply 26 - Posted by: Harlowe, 10/17/2018 12:44:23 PM     (No. 11800184)

#26,OhioVoters- FWIW, it was during the Obama Administration that Richard Cordray became a recess appointment as Director of the Consumer Financial Protection Bureau (2013-2017) but left the agency in November 2017 amid speculation he would become a candidate for Governor of Ohio. Richard Cordray (D) is running against Mike DeWine (R) for Governor of Ohio.

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Reply 27 - Posted by: Crashnburn, 10/17/2018 1:30:21 PM     (No. 11800233)

From what I´ve heard Occasional Cortex say about economics, she should she Boston College to get her money back, and BC should she to get her degree back!

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Spectator, by Daniel McCarthy    Original Article
Posted By: toledo- 1/20/2019 11:07:42 AM     Post Reply
If someone walks up to you and bangs a drum in your face, are you guilty of harassing the drummer? You might be if you’re white and wearing a MAGA hat. Just a day after rushing to judgment about a BuzzFeed story that claimed President Trump had instructed Michael Cohen to lie to Congress — a story Robert Mueller’s own office subsequently debunked, the blue-checkmark media elite had a new instant narrative to promote. It was a tale perfectly tailored to liberal biases: white Catholic teenagers in MAGA hats had harassed an old and frail Indian veteran during the March

Critics Push Back Against Media
Reports Covington Catholic High
School Students Racist Toward
Native American Drummer

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Breitbart Media, by Joel B. Pollak    Original Article
Posted By: earlybird- 1/20/2019 4:29:22 PM     Post Reply
Critics are pushing back against the portrayal of students from Covington Catholic High School as racist, after a confrontation between the school and a Native American counter-demonstrator at the March for Life on Friday. The headline from the Associated Press at the Hollywood Reporter — repeated in some form by outlets across the country — read: “Students in ‘Make America Great Again’ Hats Mock Native Americans After Washington Rally.” (Snip) Video posted by a group of left-wing activists present showed that the students had been taunted with racial slurs as the incident took place.

Brutal: Maria Bartiromo Destroys Democrat
Dingell on ‘Morality’ of Current Border Wall
in Tijuana (Video)

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Gateway Pundit, by Jim Hoft    Original Article
Posted By: JoniTx- 1/20/2019 12:45:50 PM     Post Reply
This was brutal. Maria Bartiromo DESTROYED Rep. Debbie Dingell on the Democrat Party’s nonsensical position on the “immoral” wall on the border with Mexico. Democrats all believe walls are immoral except around their own homes and in their elite neighborhoods. This dressdown by Bartiromo on Sunday Morning Futures was just incredible! Maria asked the Michigan liberal if the US should tear down the “immoral” wall in Tijuana, Mexico? Then Maria showed her these stats from the San Diego sector following the completion of the current wall. (Photo) Via Sunday Morning Futures: (Video)


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