Massive student loan fraud scam: 99.8% of repayment data fraudulently altered by schools
‘America’s student loan crisis has grown far worse than anyone has been willing to admit – at least until now.
On January 13, the U.S. Department of Education released a memo stating that the agency’s previously published statistics regarding student loans were inaccurate and that repayment rates had been exaggerated for 99.8 percent of the colleges and trade schools listed.
The most recent calculations reveal that more than 50 percent of loan recipients from 1,000 different lending institutions have either defaulted or not made any of their payments over the last seven years.’
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