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2026-10-05 -Lurid Crime Tales-

How a hidden scam plaguing college campuses has racked up a multimillion-dollar price tag

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Posted by Skidmark 2026-10-05 00:00|| E-Mail|| Front Page|| [89 views ] Top

1 Hanging would be too good foer those fraudsters.

I'm more concerned whether or not any of those money is ever recovered, perhap asset forfeiture to get the full amount back?

Posted by Seeking Cure For Ignorance 2026-10-05 00:50|| 2026-10-05 00:50|| Front Page Top

2 [AI]
student loans for invisible students

**Students with "no credit history" (often called "credit invisible") can secure financing primarily through federal student loans, which do not require a credit check or cosigner.** The **U.S. Department of Education** provides **Direct Subsidized Loans** (for undergraduate students with financial need) and **Direct Unsubsidized Loans** (for all students regardless of need), both of which are determined by the **FAFSA** rather than credit scores.

**Private loan options exist but typically require a cosigner to overcome the lack of credit history.** Lenders like **Funding U** and **Ascent** offer specialized products for undergraduates; **Funding U** evaluates academic records and career aspirations instead of traditional FICO scores, while others may require a cosigner to approve the loan or secure a lower interest rate. **Personal loans** from banks like **LightStream** or **Citi** are generally difficult to obtain without income or credit, though some lenders like **Happen Bank** allow applications with a co-borrower.

* **Federal Loans:** No credit check, no cosigner required, income-driven repayment plans available.
* **Private No-Cosigner Loans:** Lenders like **Funding U** assess academic merit; approval rates vary by school and major.
* **Private Cosigner Loans:** Standard private lenders require a cosigner with established credit to approve borrowers with no credit history.

Then, of course, foreign students violate their student visa(s) by returning home with the unrecoverable money.

Posted by Skidmark 2026-10-05 06:36|| 2026-10-05 06:36|| Front Page Top

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