Download or read book The Student Loan Scam written by Alan Collinge and published by Beacon Press. This book was released on 2009-02-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Student Loan Scam is an exposé of the predatory nature of the $85-billion student loan industry. In this in-depth exploration, Collinge argues that student loans have become the most profitable, uncompetitive, and oppressive type of debt in American history. This has occurred in large part due to federal legislation passed since the mid-1990s that removed standard consumer protections from student loans-and allowed for massive penalties and draconian wealth-extraction mechanisms to collect this inflated debt. High school graduates can no longer put themselves through college for a few thousand dollars in loan debt. Today, the average undergraduate borrower leaves school with more than $20,000 in student loans, and for graduate students the average is a whopping $42,000. For the past twenty years, college tuition has increased at more than double the rate of inflation, with the cost largely shifting to student debt. Collinge covers the history of student loans, the rise of Sallie Mae, and how universities have profited at the expense of students. The book includes candid and compelling stories from people across the country about how both nonprofit and for-profit student loan companies, aided by poor legislation, have shattered their lives-and livelihoods. With nearly 5 million defaulted loans, this crisis is growing to epic proportions. The Student Loan Scam takes an unflinching look at this unprecedented and pressing problem, while exposing the powerful organizations and individuals who caused it to happen. Ultimately, Collinge argues for the return of standard consumer protections for student loans, among other pragmatic solutions, in this clarion call for social action.

Download or read book Student Loan Scams written by Matthew Gumke and published by Independently Published. This book was released on 2019-09-19 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: I've made this book so that you don't get scammed by taking out a student loan. Why would you pay $100,000 to listen for 4 years to teachers that have never made more than $50,000 per year?You can't even live on $50,000 per year anymore. Not if you want a half-decent life. And people are PAYING to listen to these people. Societal disaster. America is suffering from a debt crisis, cased by insane levels of student loans. Colleges are scamming people left, right and centre. What's worse, society doesn't care.Wages have only increased 67% since 1970, yet student loans are exploding to record levels, year after year. This, along with soaring cost of living, has made it nearly impossible for ordinary millennials who go to college, to become financially independent in the richest country on earth. If you go to college and study most degrees and use the information you learned in your degree in the workforce, the American dream is dead. As an entrepreneur who's looking to hire millennials, I can tell you that most graduates don't have a clue how to help my businesses.Not only that, they're in a constant state of fear and panic. Even if I pay them a great wage, they can't afford to make ends meet due to their obscene student loans, often at high interest rates. They're trying to get married, buy a house and have kids, yet their crippling loans makes it impossible.Because the elites who own the education system have rigged the education system with intense brainwashing for the last 100+ years, colleges no longer need to provide value. They no longer need to help their students make money. They no longer need to help anyone in any way, shape or form.I'm the founder of Gumke University. Gumke University is known for changing the future of education. I didn't do well in traditional education. I wanted to become a multi-millionaire and all the teachers I spoke to about it, were struggling financially. I knew that he needed to find better teachers, outside of traditional education. I wanted to get taught by the people at the top, not their employees. In my pursuit to find the owner of an education company, I found Ekim Kaya, the owner of Kaya Online, the world's largest Amazon training company. I watched Ekim take his business to over 100,000 students and millions of dollars. Many students became millionaires. Thousands of students became financially free. Not everyone was successful, but a much higher percentage than traditional education. All for less than 1% of the cost. I knew that this was the impact I wanted to create. I started to learn high income skills and teach for Kaya Online, having my work translated into multiple languages for Ekim Kaya's 100,000+ students. Within just a few years of learning from Ekim Kaya, I was financially independent. Gumke University was established to help the students get rich on their own terms, without needing degrees. I believe that my students can improve their health, happiness and quality of relationships, by becoming financially free. The younger the students can achieve this, the better. Unlike many other universities, Gumke University adapts to changes in the marketplace and Gumke University focuses on tangible results, not theories. Gumke University succeeds when students make money, not when they correctly answer questions about the curriculum. The reality is that some students win, even if they don't know everything in the curriculum and other students lose, even if they know the entire curriculum. The difference comes down to the mindset of the individual student.At Gumke University, all training programs are set up in a step by step system that helps the students succeed, not just the owners of the university. Of course, I want to succeed as well, but I measure my success by the success of my students. Learn how to avoid student loan scams and becoming another statistic!

Download or read book Ways to Prevent the Student Loan Scam written by Richard Kane and published by Independently Published. This book was released on 2022-10-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scams involving the cancellation of student loans have increased following the announcement. Here are the warning flags to look out for and some tips for protecting your personal data.

Download or read book Selling Out Students written by Student Borrower Protection Center and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report exposes a scheme by the failed for-profit coding bootcamp Make School, Inc. (Make School) and Dominican University (Dominican), a private, nonprofit college based outside of San Francisco. The report finds that Make School and Dominican drove hundreds of largely low-income students to each take on thousands of dollars of predatory private student loans and, for some, federal student loans, through promises of a high-paying tech career. Within this scheme, the report alleges that Dominican and Make School joined forces to mislead accreditors, state regulators, and prospective students about the education and financing these entities provided--all to ensure Make School would gain access to federal student aid dollars, despite its public track record of illegal practices. This report follows a July 2021 lawsuit supported by the Student Borrower Protection Center (SBPC) wherein 47 former students sued Make School and its private lending partner, Vemo Education, Inc., alleging that the two firms “jointly engineered a predatory and exorbitantly high-cost” private student loan program. During the course of the investigation that led to this report, SBPC sent a letter to U.S. Department of Education officials outlining a wide range of illegal practices committed by both Dominican and Make School, calling on the officials to immediately cancel all federal student loans made to students who pursued a degree through this scam program, and urging the Biden Administration to take action against Dominican University for its role in this scheme.

Download or read book The Student Loan Scam written by Alan Collinge and published by Beacon Press. This book was released on 2009 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this in-depth exploration and expos of the predatory nature of the student loan industry, Collinge argues that student loans have become the most uncompetitive and oppressive type of debt in American history. In this clarion call for social action, the author offers pragmatic solutions.

Download or read book High Risks and Emerging Fraud written by United States. Congress. Senate. Committee on Governmental Affairs and published by . This book was released on 1995 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: These hearing transcripts present testimony on the high risks and emerging fraud in several areas of the federal government, including the Student Loan Program of the Education Department (ED), the Multifamily Housing Program of the Department of Housing and Urban Development (HUD), and Internal Revenue Service (IRS) tax return filing. Testimony was heard from concerned senators and government officials responsible for risk management and fraud in these departments and agencies. Current and possible solutions to risk management and fraud were discussed. Opening and/or prepared statements were given by: Senators John Glenn, Byron L. Dorgan, Jim Sasser, William S. Cohen, and William V. Roth, Jr. Testimony was heard from: (1) the special assistant to the comptroller general and the director of tax systems issues, General Accounting Office (GAO); (2) the commissioner, deputy commissioner, and other officials of the IRS; (3) the deputy secretary, inspector general, and other officials of ED; and (4) the inspector general, assistant inspector general for audit, and other officials of HUD. An appendix contains the prepared statements of several witnesses, along with written questions and answers from officials of GAO, ED, HUD, and the Department of Treasury. (MDM)

Download or read book Abuses in Federal Student Aid Programs Lenders guarantee agencies loan servicers and the secondary market written by United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations and published by . This book was released on 1990 with total page 890 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Solving the Problem of Scholarship Scams written by United States. Congress. Senate. Committee on the Judiciary and published by . This book was released on 2001 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Whiz Kid s Scam Guide written by Danny Singh and published by Lulu.com. This book was released on 2014-01 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The student loan debt is over 1 trillion dollars because an increasing number of students are going to college in the hopes of later finding a good paying job. This is causing the growth of the for-profit colleges such as the Westwood College, ITT Tech, Everest University, and other schools similar to them. Are for-profit colleges deceiving students? Research shows 90% of the money made by for-profit colleges come from the financial aid granted to students. The majority of students paying late on their loans are for-profit college students. Coincidentally, the majority of for-profit colleges have extremely low graduation rates. Half of the students who attend a for-profit college do not graduate with a degree or diploma but only with debt. A growing number of peculiar cases are developing that involve aggressive recruitment tactics, the creation of fake transcripts, creation of fake visas for students, instructors not having advanced degrees, fake accreditation, and how a dog was able to earn the MBA.

Download or read book Abuses in Federal Student Aid Programs written by United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations and published by . This book was released on 1990 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Student Loan Debt Secrets written by Larry Morrison and published by . This book was released on 2019-06-24 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relief Is In Your Hands Student loan debt has become a burden of unprecedented proportions. Millions of Americans are losing sleep, highly stressed out over their investment they thought would better their lives and set them up financially making this debt easy to repay. But so many borrowers feel they have been duped because they have a bill every month the size of buying a fancy car with little to show for it. If you are one of the millions who silently suffers and feels pain at the mere mention of student loans this book is designed for you. Student Loan Debt Secrets will show you how: -All the unknown forces that created a student loan trap that is currently crippling our economy. -To navigate an intensely complicated system designed to keep you an indentured servant. -To get your student loan monthly payment as low as possible and get a ton of money in forgiveness. -To make a student loan financial plan that is bulletproof to scam artists, servicing companies, and political interests. -How to beat the student loan game and grow the wealth being siphoned from your pockets. This Book Is The Key To Your Freedom!

Download or read book The Federal Student Aid Information Center written by and published by . This book was released on 1997 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Repaying Your Student Loans written by and published by . This book was released on 2002 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Educationally Screwed written by Dr. Debra K. Lynch and published by AuthorHouse. This book was released on 2013-06-20 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: I worked hard, I believed in the American Dream, I pulled myself up by my bootstraps, I paid over $70,000 on my student loan debt, and still I was EDUCATIONALLY SCREWED!

Download or read book Abuses in Federal Student Aid Programs Without special title written by United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations and published by . This book was released on 1990 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Whiz Kid s Scam Guide For Profit Colleges written by Danny Singh and published by CreateSpace. This book was released on 2014-01-23 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Profits Support the Nemours Children's Hospital in Orlando, Florida The student loan debt is over 1 trillion dollars because an increasing number of students are going to college in the hopes of later finding a good paying job. For this reason, students feel comfortable accepting loans thinking the return they will receive through employment will offset the debts. The rough economic conditions are proving otherwise because the number of students paying late on their loans is exceeding the number of students graduating from college. As evidence, the student loan default rates have doubled and there are not enough jobs for everyone. The price of tuition is increasing as the overall amount of financial aid is decreasing and student loans still cannot be eliminated with bankruptcy. A large majority of students going back to school are non-traditional meaning they are single parents, working adults, veterans, ex-convicts, students with disabilities, or students who did not start college after high school. The growth of the non-traditional students is causing the growth of the for-profit colleges such as the Westwood College, ITT Tech, Everest University, and other schools similar to them. These schools are different from the non-profit schools such as the University of Central Florida, Seminole State College, Stetson University, and Florida State University because they are operated by a company who funds them and gets returns through the tuition paid by students. The for-profit colleges have very expensive tuition compared to the non-profit colleges. They claim they can provide a high quality education to the non-traditional students who may struggle to academically succeed in a traditional college setting- But are for-profit colleges everything they make themselves out to be? Research shows 90% of the money made by for-profit colleges come from the financial aid granted to students by the government. The majority of students paying late on their loans are for-profit college students. Coincidentally, the majority of for-profit colleges have extremely low graduation rates. Half of the students who attend a for-profit college do not graduate with a degree or diploma but only with debt. A growing number of peculiar cases are developing with the for-profit college industry involving aggressive recruitment tactics, the creation of fake transcripts, creation of fake visas for students, instructors not having advanced degrees, fake accreditation, and how a dog was able to earn the MBA. Let the 20-year-old traditional, non-traditional, and community college "financial whiz kid" student, Danny Singh, share with you the business secrets behind the for-profit colleges, how students can protect themselves from being scammed, and better alternatives to for-profit colleges. Singh is the teenager who took over his mother's finances at age 11 and refinanced her house and car at age 14. Singh has been training students to repay their loans in an effective manner and felt the need to publish this book because for-profit colleges deceived many of his clients. Please share the information within this book.

Download or read book A Comprehensive Look at Fraud Identification and Prevention written by James R. Youngblood and published by Taylor & Francis. This book was released on 2015-04-28 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed to educate individuals, loss prevention associates, businesses, and consultants on the many faces of fraud in today's technologically advanced society, this book presents tips, advice, and recommendations for fraud awareness, protection, and prevention. It covers employee theft, organizational fraud, consumer fraud, identity theft, Ponzi and Pyramid schemes, and cyber crime/ fraud. It also examines how some fraud typologies can overlap and co-mingle and the best ways to make an organization's or individual's financial assets a harder target for fraud and victimization.