Posted on Jan 4, 2020
Students Defrauded by For-Profit Colleges Can Seek Loan Forgiveness, Judge Rules
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Posted 5 y ago
Responses: 4
There they go again. Thanks for the warning. Once upon a time, the law functioned (quite well) under the principle of caveat emptor (let the buyer beware). And if buyers were defrauded, the one who defrauded them would be forced to refund the purchase price as well as damages if any. There might even be punitive damages. Sadly, we tossed that for caveat vendor - let the seller beware - and business must proceed under the assumption of guilt. Even more insane, we have a court ruling taxo turum - let the tax payer beware. You financed a bad deal, now you pay for it.
[Note: Feel free to correct my Latin. That was just a guess]
[Note: Feel free to correct my Latin. That was just a guess]
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This is one of the reasons why I talk to my kids about attending state universities and taking the first 2 years at a community college to save money.
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PO3 Phyllis Maynard
Those first two years are also helpful for them to learn the ropes and still have us close so we can advise them and intervene when needed
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