Years ago in my youth… I went to a vocational school designed to teach the trade of Medical Assistance. Well I was passing and doing well until the last class, Medical Billing. The Medical Billing teacher quit and the school was unable to hire another teacher.

After making payments directly to the school I foolishly took out a student loan for the remaining $3400 and put a $400 cash payment down. Well after I took out the loan along with several other students the school closed down without notice!

I was out of the money, education and still responsible for paying back the loan even though I didn’t have atransfer transfer with transcripts for another school.