Wednesday, August 30, 2017

Make the Right Choice, Ex-Charlotte Students

The options:
The department's guidance identifies April 12 as the earliest date students could have withdrawn from the program and still qualify for a closed-school discharge, which provides a path for students to receive full forgiveness of federal student loans if their institution closes while they are enrolled.
...
The department did not have an estimate of the number of students expected to qualify for closed school discharge, but 100 were still enrolled and about 70 were on leave when the school shut down. Stein's office estimated that more than 300 students would qualify if exceptional circumstances were declared by DeVos. A Charlotte Law degree cost upward of $100,000.

Students who withdrew before April 12 will have the option to pursue loan discharge through a borrower-defense claim, which requires borrowers to meet a higher standard than a closed-school discharge. Borrowers seeking loan forgiveness through that route must demonstrate their program violated state law through an act or omission related to their federal student loan. (Students can also seek to transfer their Chalotte credits to another program but would not be eligible for closed school discharge if they do.)
The evidence:
A federal criminal investigation involving Charlotte School of Law was opened more than a year ago, according to recently unsealed court documents in a qui tam lawsuit....

The lawsuit was filed by Barbara Bernier, a former Charlotte School of Law professor, the Charlotte Observer reports. Her complaint (PDF)—which also names InfiLaw as a defendant and was filed in the U.S. District Court for the Middle District of Florida, claims that Charlotte School of Law manipulated bar exam and employment statistics by offering students who seemed unlikely to pass a $5,000 stipend to not take the test.
Another article:
Bernier claims she has inside knowledge that hundreds of unqualified students were admitted to the school. She also alleges that student records were manipulated and that enrollment was inflated in an effort to increase profits through government-backed tuitions.

"Many candidates for admission (were) academically unqualified, and would be improbable candidates for admission in most other law schools," the lawsuit read.
The potential roadblock:
The U.S. Department of Education has not approved any borrower defense applications since the beginning of the Trump administration, a department official told Democratic senators this month. 
A solution.

Another solution.

Another good choice you can enter with street cred.

Stay local for this one.

A final option for the truly dedicated.

1 comment:

  1. I had found it odd that Charlotte would close so soon after Betsy 'let's-bring-for-profit-kindergarten-to-minorities' De Vos offered her assistance. The qui tam and a federal criminal investigation could explain it.

    I am pretty sure the Clintons are well-connected with the Infilaw owners, Sterling Partners, through Laureate Education.

    I guess with 200 billion or so in *borrowed*, risk-free, government cheese flowing annually into just higher education, the fight over who gets to rape and pillage the populace in the name of education will continue at the very highest levels of our very fine government.

    Anybody who is anybody in politics has a financial stake in a for-profit educational business taking government money. Donald Trump. Jeb Bush. De Vos. The Clintons. Richard C. Blum (Feinstein). Ex-professors bringing qui tams are truly small fry.


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