The Biden administration is back again with more student
loan forgiveness ya’ll! It almost feels like a lottery at this point with
everyone hoping that they will get the chance to have their loans forgiven too.
In this episode of “Whose Loans will be Forgiven this Time”, 415 million
dollars in student loan forgiveness will be given to students who attended
several schools who were found to have not been honest about their job
placement rates or other things that ultimately resulted in most closing down.
Many of these schools advertised substantially throughout the years so the
names that I am about to list should sound familiar.
Figure 1: This is a thumbnail of my latest YouTube video "MORE Student Loan Forgiveness Mr. BiVen?!" where I am sitting in my office while looking at the camera. I have on a shirt that reads "To My Black People I Love You".
The schools include ITT Tech, DeVry, Westwood College, and Minnesota School of Business/Globe University. Am I the only one that remembers seeing the constant ITT Tech commercials during the Maury Show? They had a solid advertising campaign during the early 2000s! Now close to 16,000 folks will have their student loans forgiven. I can feel the excitement in the air!
Figure 1: This is a photo of ITT Technical Institute.
The most interesting thing about all of this is that this usually
only happens when the schools have completely gone out of business. And while
most of them are closed DeVry university is still serving students. DeVry was dishonest about their job placement rates by leading students to believe
that 90 percent of their students obtained employment within the first 6 months
of graduation between 2008-2015. However, this was not true, and it was about 58 percent!
Figure 3: This is a logo
that says, “DeVry University.”
While the widespread student loan forgiveness of 10K is not happening
like we hoped some folks are seeing relief. Are you still hoping that everyone
will be included on the next go round? Are you someone who attended any of the schools
that I mentioned? If so, drop down in the comments and let us know how this
will affect you! If you are tired of waiting on Mr. Biden to forgive your
student loans and are ready to create your own student loan forgiveness like I
did be sure to check out my 8 tips to getting
rid of student loan debt. I implemented each of these tips and paid off $14,180
in 9 months! For more information be sure to check out my latest YouTube video and tell me what you
think!
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