Sallie Mae Financial and Diploma Mill (Westwood) Federal Student Loan Fraud

COMPLAINT #1 (Office of Inspector General / Department of Education)
"Anyone suspecting fraud, waste or abuse involving Department of Education funds or programs should call or write the Inspector General's Hotline.. OIG Fraud Hotline"
~ http://ed.gov/about/offices/list/oig/hotline.html?src=ct

Sallie Mae was the _only_ financial lender involved in the diploma mill fraud... and now ask Congress for a bail out??

GO TO GOOGLE AND RESEARCH THESE 2 THINGS:
1. Westwood Diploma Mill Scam
2. 60 Minutes Sallie Mae Fraud

Students say college misled them
Tuesday, February 22, 2005, By BYRON HARRIS / WFAA-TV
"The sales pitch said Westwood is accredited; students said that led them to believe the school has the same academic status as well-known colleges and universities. But the sales pitch doesn't mention the fine print on the back of the contract, which said "Westwood College of Technology makes no guarantee of credit transfer." In fact, these students found that when they presented their Westwood transcripts to other schools, the reaction was anything but positive."You can just keep this ... because we don't recognize this institution as a school," Moers recalled one school's representative as saying. Westwood is headquartered in Denver, and claims it's been around for more than 50 years. However, Colorado state incorporation records indicate the current owner began business in 1986. ...talk with News 8 about complaints against the school, but when a crew got there for our scheduled interview, two representatives from the home office met them outside. "We just received notice that we're going to be preparing for some litigation," one of those representatives said, refusing to allow the News 8 crew to go inside. 67 former students have just sued Westwood College and its parent corporation for deceptive trade practices and breach of contract. "It's blatant fraud," Johnson said. "The school sold them a bill of goods; not only do they have more debt, but they spent a lot of time wasted and they have a degree that they cannot use."Westwood officials said the school does not gurarantee employment. They also said the college is accredited, and said the school is eager for a face-to-face interview - which has not yet happened."
"Westwood is expensive, from $27,000 to $34,000 for about a year and a half of classes. That's as much as a year's tuition at Harvard, or four years at UT-Austin. Brazell said. "We were trained to make them 'feel their pain.'" And pain is what Katrina Vargas, a single mom, felt after completing her degree at Westwood. "Now I'm a single mother, still, and I'm in so much debt," Vargas said. "I have marks on my credit, I can't pay for my daughter's needs ... my mom has to help me." "I got people in financial jeopardy rather than getting into a career," Brazell said. "They made bets with me on how many students I would enroll."
Students say college misled them, WFAA News, Byron Harris
~ http://wfaa.com/s/dws/wfaa/bharris/stories/wfaa050221_am_westwood.cf8856f9.html

The Have Nots and The Haves...

"While former students are being extorted by Sallie Mae into indentured servitude for the rest of their lives, and even paltry Social Security checks are being seized by Sallie Mae's collection agencies, Albert Lord, CEO of SALLIE MAE, is bidding on purchasing sports teams, building his own private golf course, and awarding himself and his number two man literally hundreds of millions of dollars in salary and stock bonuses..."
~ http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x1125791

Sallie Mae did not bother to notify students they were being charged a whopping 20,000+ for one year, through federal student loans program (FAFSA). $20,000 + for just one year toward a worthless certificate that is not even accepted by legitimate Colleges/University.

Sallie Mae doesn't care about law... after numerous requests for forbearance forms, Sallie Mae has refused to send them. They promised back in November 2008... but failed to do so, when I made attempts to work out something to pay them. THEY REFUSE TO DISCUSS FORBEARANCE FORMS WHICH IS ILLEGAL. Instead, I have the emails where they simply sent more harrassment. In November 2008 (knowing they'd already conned me out of $20,000 through student loans) I gave them my bank routing and account number, and they proceeded to debit 2.5x the amount. I filed complaint with my bank, and they advised to open a new bank account. They said legitimate financial institutions do not do what Sallie Mae did -- breach of contract, withdrawing 2 and a half times the agreed amount.

Sallie Mae-Westwood Diploma Mill Federal Student Loan Fraud #1


Sallie Mae-Westwood Diploma Mill Federal Student Loan Fraud #2


Tags: scam, federal government, westwood online, fraud and waste federal, department of education, department of treasury, FDIC, inspector general, leslie stahl, sixty minutes, 60 minutes, CBS Sallie Mae, WFAA Television, Denver, Colorado, Texas, education, student loans, college university, diploma mill

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