To: President Donald Trump, The United States House of Representatives, and The United States Senate
Investigate the Department of Education
The Department of Education has a responsibility to subcontract with honest service organizations and should have a victim or public service Ombudsman department to investigate abuse by the contractors of this Department of Education and so students and parents who obtained student loans with the expectation that these loans would have the terms traditionally associated with "student " loan terms can be assured of that. Maybe it is the Department of Education itself that needs investigation. Something should be done.
Why is this important?
The department of Education is a subcontracting with scam organizations like "Great Lakes" to collect on standard student loans obtained from major Universities. Great Lakes cheats people regularly with the absurdly high interest rates and refusal or finding reasons to not refinance or consolidate the loans. Great Lakes is a subcontractor of the Government entity but there is no oversite to their practices and cheating student or parents who obtained loans in good faith that these loans would follow traditional student loan terms. Great lakes subcontractor has made these loans like the illegal "payday loans" making it a horrible thing to have one. My daughter is a nurse and she deserved to finish the 4 year technical programs with honors.
Student loans exist are so we can have our best and brightest students work into society and not to be a source of fodder for the corrupt subcontractors who service these loans and see this as a windfall for greedy CEOs who run them. They get away with bad practices and there is NO Government over site of these bad contractors. The department of Education has a responsibility to function to encourage educating our best and brightest not to make ties with those parasite contractors who see this as a windfall and the victims have no recourse.
Student loans exist are so we can have our best and brightest students work into society and not to be a source of fodder for the corrupt subcontractors who service these loans and see this as a windfall for greedy CEOs who run them. They get away with bad practices and there is NO Government over site of these bad contractors. The department of Education has a responsibility to function to encourage educating our best and brightest not to make ties with those parasite contractors who see this as a windfall and the victims have no recourse.