Monday, May 7, 2012

Organized Crime: Colleges Refuse to Release Official Transcripts Of Students Who Have Defaulted On Loans

As has been highlighted countless times before – our modern day college education system is nothing but a coordinated scam by colleges to generate as much revenue as possible and for the bankers financing the loans to enslave unsuspecting borrowers for decades.

Most college graduates assume that once they’ve completed their higher education studies and earned their degree no one can ever take it away from them. Unfortunately, the US Department of Education and most colleges in America take a different position. Their official policies dictate that if your student loan is in default they do not have to provide you, prospective employers or other universities with your official transcript if requested to do so.

By the end of college, he was $62,000 in debt but was making payments regularly until Temple laid him off, allegedly because of budget cuts. That’s when his problems began. (Pedro Rodriguez is a pseudonym to protect his identity.) Read more......

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