Feds get first count on student debts

Jul 30, 2013 by

‘These individuals are the ones left holding the bag’

The debt collectors call so often that Amarilis Madera knows them by name. For years, they have threatened to take her possessions and drain her bank account. In February, her $5,000 tax refund was seized.

“I needed that money to live,” Ms. Madera, 49, a mother of three, said recently through a translator. “I almost lost my apartment.”

Her financial burden was caused not by reckless spending, but by a decision she made more than 17 years ago and deeply regrets: enrolling at the Jon Louis School of Beauty in the Bronx.

The school promised a steady career and a way out from the factories where she had worked since arriving from the Dominican Republic.

But it was a sham.


via Beauty-schoolers left with debts, broken promises.

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