Re:Defrauded students to receive loan forgiveness
by endisneigh on Friday March 19, 2021 @07:41PM
(#26519281)
Ah, I see what has happened.
You're correct, however I believe ACICS, who accredited both (or a least some of the institutions) was later found to be a poor accreditor by the DoE and was stripped of its ability.
Nonetheless, your point is that at the time they were both accredited and those were able to get the federal student loans. I stand corrected.
False. The two institutions that together account for the majority of students at issue here were ITT Tech (now defunct, but was nationally accredited) and Corinthian Colleges, Inc. (also now defunct, but many of their constituent institutions were nationally or regionally accredited.)
Nonaccredited schools aren't qualified for the federal student loans being forgiven here.
> Did the school commit a crime?
That's a weird standard. Why would it need to be a crime rather than a tort?
> so, there's no need to forgive the debt - the government and/or students should go after the school, and our existing legal process makes things right.
Er, the majority of the students affected are from institutions that no longer exist, largely because of their frauds. There is no one to go after.