u/IceMaverick90 wrote (the comment Michael replied to):
Well for one I'm just trying to put something together so I'm open to advice... but my main thinking is that picture i attached is the contact between me a a student and devslopes - i was thinking that would get me leverage against them for breaking our contract.
And you are r
u/michaelnovatireplied·
This other person is right even though it's probably not what you want to hear.
But you should talk to a lawyer and have them read the contracts and advise.
I would recommend having ChatGPT give you initial advice after uploading the contract so that when you talk to a lawyer you can be more efficient and bring up a focused and short list of questions or ideas to save on billable hours.
Some lawyers would do a free consultation as well, especially if you have a very solid set of questions and ideas ready and can make it quick.
u/IceMaverick90 wrote (the comment Michael replied to):
Thanks for your input. That's my plan, plus I'll come with a list of students who have been effected by it. I figured that would make it a bit better for the lawyer to take the case.
1 student loan for ~10k or 50 students each with ~10k loan.
Again my biggest concern this wh
u/michaelnovatireplied·
I would as a starting point if you haven't done already, try to look into other bootcamps that were sued before and see how they did it and what channels they did and pay a few dollars for court records to see what the outcomes were. Or have AI do the research and fact check every source it finds.
u/Leisurely_Creative wrote (the comment Michael replied to):
Worked in finance is a meaningless sentence and the fact you think it’s relevant or proves anything shows how simplistic you think the entire world is apparently.
Yes in theory you are right, a borrower can remain obligated even after the purchased product or service becomes un
u/michaelnovatireplied·
u/GoodnightLondon and u/Leisurely_Creative you both also aren't considering what happens if the financing company goes under or effectively shuts down or re-sells the agreements, and is practically unresponsive.
u/Leisurely_Creative wrote (the comment Michael replied to):
Those are good points but I felt like my response was long enough already. If the debts have been sold to one or more debt collectors the problem only becomes more complex and annoying for these poor students who just wanted to better themselves but regardless. The answer is nowh
u/michaelnovatireplied·
Yeah the practical matters that have gone very underreported is how a large number of financing companies have pulled out of bootcamps (and sold off, shutdown etc...) and it has accelerated the decline of the industry, even if your provider didn't pull out.
My company has relationships with these companies so I can't comment but I can speak generally that this is one of the things not spoken about enough on here.
People say 'follow the money', well when the money overnight gets pulled out of the bootcamp industry it's a sign that they aren't working. They aren't returning a financial return. And I'm absolutely shocked that some bootcamps still have marketing acting like nothing happened here.