With student loan debt at nearly $1.5 trillion, some for profit-schools and student loan providers have built entire companies whose sole purpose is to try to exploit not only the system but also unwitting students, in efforts to boost their bottom line.

Partly as a result of this greedy exploitation, nearly 4.6 million borrowers are in default. The ease with which students can obtain student loans has helped to spawn an insidious array of schools and student loan providers who have found easy money by targeting impoverished neighborhoods, military vets, and students who may not qualify academically. They allegedly use high-pressure tactics and illegal recruiting schemes to try to entice these student hopefuls to their schools.

In 2016, the Department of Justice (DOJ) settled with several for-profit schools that allegedly participated in illegal schemes to secure federal education funds.

Examples

As part of a $95.5 million federal and state settlement, the government ordered Education Management Corp. in 2015 to pay more than $52 million to resolve allegations that it unlawfully recruited students, engaged in deceptive and misleading recruiting practices, and falsely certified compliance with Title IV of the Higher Education Act and state laws that prohibited such conduct. The company is the second largest for-profit education company in the U.S.

Closer to home, the for-profit Charlotte School of Law (which closed in 2017) was engaged in related practices and faces similar allegations in individual and class action law suits. We are currently representing more than 100 former students of Charlotte School of Law in their individual claims filed in state court.

NC Whistleblower Attorneys. Want to Talk?

Student loan fraud is not only fraud against the government and the taxpayer, but it is fraud against innocent students who seek to better themselves through an education. While it is the whistleblower who initiates 80% of fraud against the government that is exposed, the vast majority of it goes undetected.

If you suspect fraud against the federal or state government, let's talk. We are here to help put you at ease as we try to help you determine — confidentially and discretely — if you should move forward with a whistleblower/qui tam claim. We appreciate the struggle you may be facing. That is why we have a You-First policy in place. We will try to help protect you regardless of your involvement.

Contact us or call 1-844-520-2889.

If we decide to take your case and you don't get a reward for reporting fraud, you owe us nothing.

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