Michigan’s attorney general is warning student borrowers to be cautious of scammers taking advantage of the federal student loan forgiveness program.
Thousands of middle- to upper-income students use federal welfare funds to attend expensive private schools. Meanwhile, only 18 percent of impoverished families in Michigan receive cash assistance.
Remedial courses are one of the main reasons vulnerable students drop out. The courses cost money and provide students with no credit toward graduation, discouraging many students from completing their degrees.