National Student Loan and Credit Report Debt Attorney

For-Profit College Group Fights To Keep Students In Dark On Debt

Rate this post

After reading this article, it is no wonder that the country’s student loan debt exceeds $1 trillion.

http://www.huffingtonpost.com/2012/08/23/for-profit-college-student-debt_n_1823215.html

The U.S. Department of Education is making for-profit colleges disclose to students whether they are likely to afford the student loans they take out to finance their education. These for-profit colleges are usually much more expensive than public universities, which then forces the student who does not have the money to attend that college or a scholarship to try to finance that education by obtaining a student loan. For-profit colleges have filed papers in court, arguing that they should not be forced to disclose information to students about their ability to repay their student loans. The Department of Education believes that these for-profit colleges would be cast in a negative light if students realized that they would be unable to repay the loans. This fight is far from over. However, many of those students who did take out large student loans who are now unable to repay on the loans wish they had this counseling beforehand. If you or a loved one find yourself one of the many who cannot afford their student loan, contact a debt settlement attorney to help assist in negotiating a reduction in those burdensome student loans.

For-Profit College Group Fights To Keep Students In Dark On Debt was last modified: November 1st, 2014 by Kevin Fallon McCarthy
The following two tabs change content below.
mm
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
mm

Latest posts by Kevin Fallon McCarthy (see all)

START NOW
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.