So then, the school lied to them. They should be suing the school.
They did not borrow the money from the school.
If I take out a loan to buy a new car and the car turns out to be a lemon, I still owe my bank the money for the car.
My grievance is with the car dealership/manufacturer.
“They did not borrow the money from the school.”
The school made the deal with the bank and the check was cut to the school. The kid never saw it.
Are you telling me that the bank didn’t know this was a fraud? They undoubtedly had student loan defaults from these institutions because the kids couldn’t get jobs. They didn’t care because the government was guaranteeing the swindle.