An excerpt from The Killing of American Education, Part 1

By Alan J. Yeck, Founder

I went back to school in 40’s to get a better job. I got an Associate,Bachelors and a Masters. Almost 9 yrs later I don’t have a better job but I have almost $80,000 of debt. No matter how much I pay the balance doesn’t go down. I am at my wits end. I don’t know what to do. I barely have gas money to get to work to pay this bill.   LaDean Mitchell   March 14, 2019  Phillipsburg  (

I cannot keep up with all the lawsuits filed in the last several years against the student loan industry including the (self) servicing agencies, Department of Education, Secretary of Education, Betsy Devos, the Consumer Financial Protection Bureau and their new leader Kathy Kraninger. What I want you to understand is that the status quo of the system is completely and utterly broken and in complete chaos driven by unprecedented greed and corruption. Below is by no means a complete list –

The Consumer Financial Protection Bureau filed against Navient in 2017 (when Seth Frothman was still there fighting for American consumers) for “systematically and illegally failed borrowers at every stage of the repayment by”

  • steering borrowers toward more expensive forbearance instead of affordable repayment plans;
  • misleading borrowers about the options available;
  • payments processed incorrectly.

Attorneys General of California, Illinois, Mississippi, Pennsylvania, New Mexico, Arkansas, Arizona, Connecticut, Idaho, Iowa, Kentucky, Missouri, Nebraska, North Carolina, Oregon, Pennsylvania and Washington as well as the Securities Exchange Commission and the Consumer Financial Protection Bureau have launched investigations and/or filed lawsuits against this industry for fraud and unfair practices.  

I was denied Public Student Loan Forgiveness and Temporary Public Student Loan Forgiveness after working at an eligible nonprofit for the 10 required years (2007-2017). I still work there, but hate that I was denied forgiveness twice. I feel like I was lied to by the federal government and it angers me. I am even angrier that so many people like me were denied as well.   Kelly Ascheman   February 14, 2019  Blaine (

New York state sued the Pennsylvania Higher Education Assistance Agency (PHEAA), aka American Education Services. New York Attorney General Letitia James said they “failed miserably” in their servicing of the Public Service Loan Forgiveness Program. 

I previously mentioned Seth Frothman who resigned from the Consumer Financial Protection Bureau as its chief ombudsman over student loans. In his resignation letter to the than acting director Mick Mulvaney, Frothman stated the administration “has turned its back on young people and their financial futures…unfortunately, under your leadership, the Bureau has abandoned the very consumers it is tasked by Congress with protecting…instead, you have used the Bureau to serve the wishes of the most powerful financial companies in America.”