Servicemembers At Failing For-Profit Schools Not Protected By Veterans Affairs

Servicemembers At Failing For-Profit Schools Not Protected By Veterans Affairs

When a for-profit college closes its doors, students are often left with hefty student loan tabs and little recourse. Some of those borrowers may be eligible for a discharge of their debts through the Dept. of Education, but others – like the thousands of veterans who used their GI Bill benefits to finance their education – are simply out of luck, often losing their chance to obtain a degree, thanks in part to failures within the Department of Veterans Affairs. [More]

Car Dealership And VA Team Up To Damage Wounded Veteran's Credit

Car Dealership And VA Team Up To Damage Wounded Veteran's Credit

When Kat and her husband traded in their old Ford Focus, the dealership told them that they would be able to pay off the loan faster than the couple could. This was true, if by “faster” they meant “not at all.” See, Kat’s husband was wounded while serving in Afghanistan, and is due a $19,000 grant from the Veterans Administration to buy a vehicle. This grant is a check cut directly to the dealership. Two months later, the VA, acting with all of the swiftness and efficiency that government agencies are known for, hasn’t sent the check yet. Naturally, instead of actually contacting the couple about the issue, the dealership just went ahead and didn’t pay off the loan as promised. They won’t until the check from the VA shows up. This is affecting Kat’s husband’s credit, and is just generally rude. [More]