Janice Peete-Bey didn’t stay long at the Baltimore trade school where she enrolled 25 years ago, leaving after the class seemed useless. But the student loan debt from her non-education haunts her to this day.
Her wages have been garnisheed, her tax refunds seized. Those payments total more than $13,500 on a loan that was originally $5,600, according to the Reisterstown, Md., woman’s pro bono attorney, due to interest and collections fees that mounted for years.
And the school? It closed long ago, and its CEO pleaded guilty to defrauding the government and students by concealing its dropout rate so federal student aid kept flowing.