Key Bank was set up at the time as the lending partner for student loans to these types of schools. When you registered, they released ALL of the funds to the school UP FCKIN FRONT. (This was before the financial crisis mind you...so banks were getting away with some grimy stuff in all aspects of lending, not just housing market) So they considered the services rendered or whatever once they released funds.

The school filled bankruptcy to protect itself from creditors or whatever....so the students were waaaaaaaaay down on the list of folks to get restitution (if any assets of value were even found). Key Bank sent some kinda form letter talking about they were victims too..and they were listed as creditors on the bankruptcy filing, yada yada yada.....YOU STILL OWE US DOE!! ...

Rather than fck my credit up, I just continued to pay on the damn thing till it was paid off. Didn't have the energy or time or knowledge to do anything else at the time.

>seems like there's gotta be a way to get outta that since
>they literally shut down.


"Get ready....for your blessing....."