Thread regarding Education Management Corporation layoffs

Student loan forgiveness

"A major for-profit college company reached a settlement with more than three dozen state attorneys general on Monday, and will now be required to forgive more than $102.8 million in outstanding loan debt held by more than 80,000 former students across the country."

http://thinkprogress.org/education/2015/11/16/3722604/for-profit-college-settlement/

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| 613 views | | 3 replies (last November 17, 2015) | Reply
Post ID: @OP+Evn0RgD

3 replies (most recent on top)

Your story is old already

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Post ID: @29Y+Evn0RgD

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!!!

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Post ID: @CSH+Evn0RgD

Only if you dropped out within 45 days of attending your first class. Even then it is just about $1300.

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Post ID: @ITF+Evn0RgD

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