Sure. Many students at for - profit colleges take out large loans to cover the high tuition. For example, some colleges charge exorbitant fees for courses that are of mediocre quality. Students then graduate with huge debts and find it hard to get jobs that pay enough to cover the loan repayments. In some cases, the interest rates on these loans are also much higher compared to traditional student loans, making it even more of a financial burden.
There are for - profit colleges that encourage students to take out private loans instead of guiding them towards more affordable federal loan options. These private loans often have less favorable terms. Some students were not fully informed about the repayment terms and ended up in a cycle of debt. Also, some for - profit colleges have been known to use aggressive debt collection tactics against students who fall behind on payments, which can further damage the students' financial and mental well - being.
One horror story is students being promised great career opportunities but end up with degrees that are not recognized in the job market. For example, some for - profit colleges offer programs in fields like 'emerging technologies' but the curriculum is outdated. Another is the high cost of tuition that leaves students with huge debts and no real value in return. Some colleges also have unethical recruitment practices, targeting vulnerable individuals with false promises of easy degrees and high - paying jobs.
There was a case where a student in a Christian college had different theological views from the college's faculty. Instead of having a healthy debate, the student was basically silenced and made to feel like an outcast. It was a horrible experience for the student who just wanted to explore and learn.
In the Savings and Loan Crisis in the United States. There were many people who had their savings in these institutions. When the S&Ls failed, some people lost their life savings. One elderly couple had been saving for decades for their retirement. They thought their money was safe in the local S&L. But when it went under, they were left with nothing. They had to move in with their adult children and rely on social welfare, which was a huge blow to their pride and financial security.
Sure. There were reports of sexual harassment at the event. Some women felt unsafe due to the rowdy and uncontrolled behavior of some of the male attendees. It was a very unpleasant situation for them.
Sure. There are cases where college athletes are exploited by boosters. Boosters might give the athletes illegal benefits in exchange for their performance. When discovered, the athletes often bear the brunt of the punishment, even though they may have been pressured into accepting the benefits.
I heard about an elderly person who needed heart - related prescription drugs. The cost was exorbitant. Medicare didn't cover all of it. They had to cut back on other essential expenses like food and heating in winter to be able to afford the drugs. It was really sad as they were already on a tight budget and this just made their situation much worse.
There are cases where the petitioner has assets but not enough regular income. The USCIS is very strict about having a stable income source for the K1 visa. Just having assets like a house or a car may not be sufficient. Couples in such situations have faced denials and had to go through complex procedures to try and prove that they can still support the beneficiary once they come to the United States.
Sure. There was a student who applied for a very prestigious scholarship. They had all the requirements met and a great application. But the scholarship committee made a mistake and awarded it to someone else with a weaker application. When the student inquired, they were given the run - around and no proper explanation. This cost the student a great opportunity for financial assistance.
One non - profit horror story could be about mismanagement of funds. A non - profit organization that was supposed to help the poor in a community. But the leaders were using the donated money for their own luxury travels and parties instead of providing food and shelter as promised. It was a huge betrayal of the donors' trust.
Sure. A student was promised a certain amount of financial aid by a college. But after accepting the admission, they received a letter saying that there was a mistake and the financial aid was much less. This left the student and their family in a difficult position as they couldn't afford the tuition without the expected aid.