Student Debt Forgiveness: 'Tricked’ Sales Class Grads to Get Over $30 Million

Tens of millions of dollars in debt relief are about to flow toward graduates of a 12-week sales bootcamp that the federal government says spent years luring students into agreeing to illegal and predatory loans with promises of six-figure salaries and guaranteed jobs. A court order signed Monday by a Delaware bankruptcy judge requires Prehired, a self-described workforce accelerator, to shut down permanently and provide more than $30 million total in debt forgiveness to hundreds of former customers. Those customers, according to the Consumer Financial Protection Bureau, were “kept in the dark” about key loan information and “tricked” with deceptive debt collection practices.