The article talks about a fine of 95.5 million and setting aside 100 million for student loan forgiveness. Are these two different things or the same thing?
6 replies (most recent on top)
Since the DOJ ruled they only plan to hold EDMC accountable for less than a measly percent of the original asking price, why can't all affected students strike similar deals? Because, fraud. If I were to calculate my new total using the 99.11% discount EDMC got on their ruling, I would only owe $1112.50, and that would still be a ripoff!!!
That is what I thought. Students should not have exhausted all their financial aid in the first 45 days, unless they jumped school to school.
The loan forgiveness deal is only open to those students, not ones who completed a quarter and went back or even completed their degree.
You are saying students used up all their financial aid within the first 45 days of them attending the school?
EDMC is writing off the 'in school' balances that the students racked up when their financial aid ran out/got used up.
It's bull.
Different. The DOJ gets the 95 million and there's a separate 100 million for students who left 45 days within their first quarter (essentially those who were enrolled, decided it wasn't for them and stopped classes but were still charged)