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Judicial Watch Sues Education Department over Cover up Of Increasing Student Loan Failures

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posted on Mar, 26 2017 @ 01:29 PM
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Judicial Watch has filed a FOIA lawsuit against the U.S. Department of Education.

They are requesting records about that so-called "coding error" during the last Administration that apparently "masks" the real number of people paying down student debt has actually been rising.

A very convenient "mistake" indeed.

Looks like the real numbers are not what they want you to see.

Judicial Watch Sues Education Department over Cover up Of Increasing Student Loan Failures

Judicial Watch announced that it today filed a Freedom of Information (FOIA) lawsuit in the U.S. District Court for the District of Columbia against the U.S. Department of Education seeking records relating to then Obama administration’s “coding error” that resulted in masking that most borrowers are failing to pay down their federally-subsidized student loans (Judicial Watch v. U.S. Department of Education (No. 1:17-cv-00501)).

The Obama administration’s Obamacare legislation also included provisions that resulted in the federal takeover of the student loan industry, which radically increased taxpayer subsidies of higher education loans.

The Education Department acknowledged in early January that the coding error resulted in wildly inaccurate College Scorecard repayment rates. The significance is substantial, according to The Wall Street Journal:

The department played down the mistake, but the new average three-year repayment rate has declined by 20 percentage points to 46%. This is huge. It means that fewer than half of undergraduate borrowers at the average college are paying down their debt.






posted on Mar, 26 2017 @ 01:38 PM
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a reply to: xuenchen

Ugh, I hate having to read anything related to school loans. I just got approved for a second one. I'm going to have to buckle down and start paying that off early.

I'm guessing folks are having trouble paying down their loans, as a result they masked those numbers to save face? but what would that accomplish?



posted on Mar, 26 2017 @ 01:46 PM
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Is more than exposing them as my personal experience with that department due to having my identity stolen by an illegal I have to say that they have a big scandal looing on them when they have to show accountability for all those illegals that had taken loans and never paid them.

I wonder who pay the money that was stolen from the tax payers after I fought to get the money that was stolen from me by them back when the illegal alien took the loan and ran and never paid thinking that I will pay his debt.

What a joke.



posted on Mar, 26 2017 @ 01:48 PM
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a reply to: Arnie123

The "error" may have been an attempt to justify student loan "forgiveness" by showing a lower taxpayer cost.




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