Honestly, I hate this shit.
I was someone who got sucked into a scam school when I was young and naïve. Way before this stuff really became public knowledge.
I attended a school where they claimed 95%+ placement rates post graduation into high paying fields in the tech industry.
I had one person in my class and the school considered his employment obligations fulfilled when he got a job at geek squad while still attending school.
By the time I realized it was a scam (happened very quickly) I was on the hook for almost the full amount of the loan.
When the school I went to started to get scrutinized by my states department of education after a lot of complaints, they shut down.
Investigators tried to reach the school but their numbers had been disconnected and the building was vacated.
The company that owned the schools had rebranded (original company dissolved and a new company created, same owners), and then they opened a new school.
They pulled the same shit a few years later and now they run some sort of DevCodeCamp bullshit.
At the end of the day, the government NEEDS to go after the lenders.
The only way these schools stop is when people are in jail or the supply of money is cut off.
By only just forgiving these loans, they're not attacking the real problem and it pisses me off.
Fuck Sallie Mae and Fuck Navient.
I've still got $7,000 to pay. My original loan amount was $25k. I've paid a total of $47k over the life of the loan.
The real scam is to believe that Sallie Mae and Navient aren't complicit in this shit. The school took their $25k and ran.