User profile: angry
Joined: Feb. 9, 2008
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Days of the New at Wasted Space
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The Sun
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I think this is another clear case of a large corporation an its board members blatant disregard for its employees and students. I was a student at the Fort Worth Texas school,my first question to Airola and it's board members: Where is the 71 million this school reported as a net worth in 2006? It has become to easy for these large corporations to file some form of bankruptcy,then just pull the rug out from under its investors, in this case the students.I hope there is a lawyer somewhere willing to start a class action suit against Silver State. I'm sure there are many students looking at a 30 year loan that can not possibly pay this kind of money back. I started taking lessons with Silver State in November of 2007. This company had to know they were on the verge of bankruptcy my their 3rd quarter numbers if not sooner, and still they held expensive seminars drawing in 800 to 1,000 people. Knowing very well that these potential students would never obtain enough schooling to ever get off the ground. This is fraud! I am devastated. I thought this was a great career change and a life change for my family. One last comment,I believe they should liquidate Silver States assets and pay all of the student loans. This way they could kill two birds with one stone,pay the loans an the lenders at the same time,instead of paying the investors first and the students left holding the bag!