I’ll tell this story over a Pentagon clean-up crew guy that worked in my area back eight years ago.
The kid was smart but was constantly getting bad advice (from the community support folks, to high school counselors). The kid was talked into signing up and getting student loans of $15k to attend a commercial ‘fake’ skill college. Fifteen months into this, a state audit occurred, and the college fell apart in less than a week. What the kid discovered was that the courses completed meant nothing...the potential degree was worthless, and he owed $15k in student loans.
The system, from top to bottom is corrupted.
Seems he would have a case against the institution and loan agency based on Fraud. The Loan agency should be responsible for due diligence of institutions they make loans for.