Product: Student loan

My daughter and my grandson went to a college called XXXX XXXX ( at XXXX XXXX XXXX ) my daughter completed the course for XXXX XXXX got a degree but was never ever able to get a job because the school had NO ACCREDITATION but my daughter has an email from grad placement manager it did : per a Senate investigation read the following XXXX no one will accept the credits nor the degree from XXXX XXXX because of who they are accredited by and because the curriculum does not meet the standards of a XXXX degree.XXXX In XX/XX/XXXX, the Accrediting Commission of Career Schools and Colleges of Technology ( ACCSCT ) pulled XXXX 's accreditation for its degree programs after placing the school on probation in XXXX.XXXX This meant that XXXX schools could not enroll new students in XXXX degree programs and could only offer XXXX and XXXX programs. However, degree program students who were already enrolled in XXXX were allowed to complete their course work and receive a degree. Many students wrote about learning of XXXX 's loss of accreditation after paying for and completing substantial coursework towards their degrees. XXXX such student explains : I was not informed that your accreditation had been lost before I had signed my contract. In addition, I was informed that I would have an XXXX Degree upon graduation. XXXX Senate HELP Committee staff analysis of information provided to the committee by the company pursuant. Now with this information both my daughter and grandson have loans through XXXX now called XXXX my daughter has a letter that states her loan was for given but the collection agency XXXX XXXX XXXX @ XXXX XXXX XXXX XXXX XXXX, KS XXXX Phone : ( XXXX ) XXXX have refused to stop going after her we want all monies returned due to the Consumer Fraud, Predatory Lending also my grandsons loan needs to be forgiven it started at {$3100.00} it is now {$11000.00} due to interest rates. This needs to be removed from my name as well as I am a co-signer to both loans my credit has been ruined by this and the fact the govt allowed this is appalling. Facing lawsuits and financial losses, XXXX XXXX put the school for sale XX/XX/XXXX and eventually sold it for {$1.00} to a partnership of private equity firm XXXX XXXX XXXX and the XXXX XXXX, a network of similar technical schools based in XXXX, XXXX. [ 1 ] XXXX XXXX recognized a XXXX loss from the sale. [ 2 ] The school in XXXX XXXX has closed as well as all over the U.S. except in XXXX were they have again changed names XXXX XXXX XXXX to out run lawsuits. My family has been put through enough and I have had enough of watching my daughter being so depressed she has thought of suicide I hope this is not what you expected to read but this is the God 's honest truth you must do something we can no longer continue living like this I am XXXX yrs old I own my own property I cant even get a loan to make repairs because of this. All that were involved should be held accountable from all lenders to all the staff that was at that school they knew they were not to enroll any new students but they did and not one organization stopped them. I 'm begging you my government to help and now this has been a fight my daughter has been fighting for XXXX if not longer.They have federal loans as well but those we will have to submit a separate complaint on but this must be done now with the fact that Berman & Rabin has harassed us and threaten to take everything we own to auction off to settle this debt the XXXX abuse has gone to far we will be reaching out to all media to get this out and to shame all involved.I thank you for any and all help in our time of need