Just read it....
https://www.yahoo.com/finance/news/32-old-disabled-vet-thought-154400988.html
Good bye ITT, may you rest in HELL. Forever.
8 replies (most recent on top)
At a different school I worked at it was the norm for students to exhaust all their federal funding options. Unfortunately there are a lot of vets that go to school for no other reason to collect their funds without the intention of doing anything with the education. I had their wives calling me to ask where the money was. Sad, but very true.
Yes and they would brag to all of the other students about their refund checks so I would have whole classes of students coming to the FA classes asking where their refund checks were. My VA students thought they were somehow pulling one over on the government - ridiculous.
We had a Director who refused to do it, and we didn't for years until we were told by HQ that if a VA student requested loans we had to allow them to sign an MPN and take them out.
I agree with the last post. I was a DOF and requested that all va students who wanted loans speak to me and justify why they wanted the funds. I would explain that they were robbing from Peter to pay Paul and when they withdrew or graduated, Peter would want his money. Also requested that they think about it for 24 hours, before before I would certify their loans. I only had four students out of 100 that borrowed loans for living expense funds. I feel bad for the va funds used that they could not get back, but not the loans, that was the veterans decision to borrow loan funds that they did not need.
The VA students at my campus were 100% Yellow Ribbon covered and 90% of them chose to take out loans and have them refunded to them. I tried to discourage them because they would have debt when they graduated. They ignored me and took on loans. Annually they received $9500 in loans and $5775 in Pell grant funding and got a refund check of $3800 each quarter totaling $15,275 per year. This was on top of the $1500/month housing allowance from the VA.
The students were demanding and rude and would call and come by the office asking for their refund checks. I was thrilled when they would reach their VA or Pell limit and the refund checks would stop. The student usually dropped when the "free" money dried up.
I think there is some truth to the story but also some issues. ITT was a yellow ribbon school. He must have taken out living expense money. No doubt it's still a terrible
Situation as he is only trying to better his family.
Still some holes with it all. Just goes to show how the media can twist anything. These sob stories are no different.
'Just a guess. Could be wrong'
There are plenty of stories like the one posted and they can't all be explained away.
I believe some of his story is fabricated by the press. First of all with 6 kids he probably would be getting some grants to help with tuition. I believe ITT was a yellow ribbon school which would have picked up the difference after VA paid. So my thought is the student took out student loans to the tune of $30k to live on. Just a guess. Could be wrong
So does the recruiter feign ignorance or actually fess up that they would have said almost anything to get the student to sign because the recruiter was short of target for the month?