Student loans have pumped trillions of dollars of taxpayer funds into paying tuition, fees, and other expenses for students. With so much money moving from the federal government through so many hands, inevitably scams and student loan fraud would crop up to target the largesse. This type of fraud represents one of the fastest-growing areas […]
Misrepresentation can occur even when the individual has full knowledge that he or she has taken out a student loan. If the loan itself took place under false pretenses or if someone intentionally misled the student, the loan itself can be challenged in court.
Progressively, the government and other authorities have discovered that some colleges themselves have pressured students into taking loans for programs that do not give an adequate chance for employment and repayment.