UOU: How universities are suing alumni who owe

As a smart kid who grew up in New York City, David Acevedo won a seven-year academic scholarship to Horace Mann. Acevedo’s father was an immigrant from the Dominican Republic, his mother the daughter of parents from Italy and Cuba. Although no one in his family had studied at a private college, Acevedo graduated from his prestigious high school assuming that he would pursue a university education. In 1999 he enrolled in George Washington University’s undergraduate school ofbusiness. He owes more than $100,000 in student loans. In 2012, his alma mater sued him in court.
"I was saddled with a lot of debt," Acevedo, now 32, explains over the phone. "But upon graduating — less because of an unavailability of work and more because of a fear of failure — I did not really fulfill the goal of getting a good job and a career. So I defaulted on my loans because I was not able to do that. Still to this day, I’m in that position."

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Photo: Courtesy Aaron Graff

UOU: How universities are suing alumni who owe

As a smart kid who grew up in New York City, David Acevedo won a seven-year academic scholarship to Horace Mann. Acevedo’s father was an immigrant from the Dominican Republic, his mother the daughter of parents from Italy and Cuba. Although no one in his family had studied at a private college, Acevedo graduated from his prestigious high school assuming that he would pursue a university education. In 1999 he enrolled in George Washington University’s undergraduate school ofbusiness. He owes more than $100,000 in student loans. In 2012, his alma mater sued him in court.

"I was saddled with a lot of debt," Acevedo, now 32, explains over the phone. "But upon graduating — less because of an unavailability of work and more because of a fear of failure — I did not really fulfill the goal of getting a good job and a career. So I defaulted on my loans because I was not able to do that. Still to this day, I’m in that position."

Read more

Photo: Courtesy Aaron Graff

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    Hello, me. I’d rather kill myself than let the assholes in the DoE, or lying scumsucking idiots at ISU, get a single...
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