OCCUPY STUDENT DEBT

Student debtor stories submitted by the 99%

Jail For-profit scamsters

I got out of the army in 2002.

I wanted to be creative like my mom but have a practical use for it and a career. I was lied to/fooled/tricked into attending 2 for-profit colleges in 2003 and 2006. The Gi Bill went toward cost of living.

Instead of a free education I got $83,000+ in student loan debt. Most of it is private loans the schools told me were FEDERAL. The first school gave me the wrong degree and their program was garbage. They tried to place me at Staples in an unrelated field.

The Art Institutes (“AI”, The New England Institute of Art, run by Education Management Corp, owned 41% by Goldman Sachs) and Gibbs College (run by Career Education Corp).

The schools knew I wouldn’t be able to afford these loans and that the job outlook was meek. They knew they were lying on their stats and placement info. They knew they lied about their connections. They still fooled me into them. Sub prime lending, just so they could funnel the federal founds out of me.

These crooks need to be in Jail. They’re doing to colleges what they did to the housing market.

I now have $83,000+ worth of debt and nothing to show for it. I also have not used half of the GI BILL because I lost my drive to go back to school since the credits don’t transfer and I’d have to start over.

And now I have a rare esophageal disease that requires additional surgery I can’t afford.

I don’t have a mommy or daddy to go to for a back up plan.

I was sold a false dream. This is not how I saw my life when I was defending this country.

Notes

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