Categorized | Debt Stories

Another Government-Backed Swindle

RedditTumblrShare

I originally borrowed $20,000 from a 4 year college . I worked night shift in an urban hospital as a phlebotomist. The hospital was reimbursing the cost of some of my classes. One semester I had a 4.0 GPA and received a letter from the president of the university as well as from a state senator. In 1992, I dropped out of college to care for my mother, dying 6 weeks later from cancer. At the time I was planning on returning to college and finish my degree in nursing, physical therapy, or athletic training.

On a bike tour in Northern New Mexico,  I met a pilot that inspired me to become a commercial pilot. Upon returning to Ohio I began flying at a local airport with the intention of becoming a professional pilot. Knowing I needed a high-paying occupation to pay off my already accumulated student loans, I researched pilots salaries and learned pilots salaries approach $85,000 within 3-4 years after school. Wages for more experience was reported up to $150,000 after gaining 10-15 years. I always thought the loans would be insignificant compared to the initial cost. I was in top physical shape, and possessed an excellent demeanor for the rigors  of flying.

I contacted a number of out of state schools, but was sold by recruiters from a community college in Colorado. I moved to  Colorado in June 1994 and waited one year to begin my flight training, in order to avoid out of state tuition. I finished most all the ground classes including instrument, flight engineer, and commercial. I passed my FAA CATS instrument rating with a 94%, which is reported as the most difficult for pilots. I was on the dean’s list and had a 3.13 GPA. I received my Private Pilot Certificate
in 1996, and passed my first stage of my instrument training when the college advised me that they could no longer secure financing to continue my training. Since I had no other way to finish my training, I realized I had become the victim of a bait and switch scheme.

I have resorted to living with/imposing on various family members. I have paid $6,270. I currently owe $90,044.81 plus a reported $30,000 in collections fees. I am now 56 years of age and have been robbed of the chance to have any quality of life. I have not been able to get married and have children, and I consider what happened to me to be tantamount to genocide by financiers/ school officials. My estimate of the the wages I have lost over this period would be in excess of $1,000,000. Is the system that corrupt that the public doesn’t recognize that justice needs to be served for the miserable conditions these criminals  shamelessly cause?

In an article bemoaning the value of a college education, a Massachusetts attorney commented that when he needed a plumber/tradesman, he can’t call a person with a degree in social work. Given his arrogance, I challenge this Sturbridge attorney, when needing a package overnighted, a vacation flight for his family, or  a flight to attend a professional obligation, to consider calling another attorney. What makes this idiot think that his career is worthy of more merit than another occupation? This reminds me of
financiers/political officials that attempt to harbor shame on harder working individuals than themselves. My father warned me when I was a child that there are people in this world that are so crooked, they would need to be screwed into the ground when they die. The federal government had no business getting involved in funding higher education in the first place.

-Wright Way Corrigan-

RedditTumblrShare

Leave a Reply