u/michaelnovati replied ·
It can go to collections yeah. ISA are complicated because various departments of federal and state government have made claims they have oversight of ISAs but no laws have been passed explicitly giving anyone oversight.
So you see a lot of headlines that are much more nuanced than they seem. ISA actions have tended to be departmental interpretations applied to specific companies that companies have negotiated settlements on to avoid trying to litigate ambiguous laws.
My advice is to talk to your bootcamp and have a fair negotiation. Acknowledge what you did partake in and specific ways the program violated their contract and why as a result you don't want to pay the full amount, and offer something fair based on that. Listen to the response and consider it fairly and negotiate.
If the program won't negotiate with you then I'm not sure... maybe let it go to creditors and negotiate with them? Debt collectors are usually way more willing to negotiate because they get a cut of the money and move on.