Credit: New Africa/Adobe Stock $1 Million Settlement: Medical School Owner Resolves Alleged Student-Loan Violations
"Between February 2015 and March 2019, [Mark] Scheinberg and Stone Academy mailed 154 small, direct payments to loan servicers on behalf of 102 students in attempts to prevent those students from defaulting on their loans and being counted in Stone Academy's [cohort default rate]," read a statement by the U.S. attorney for the District of Connecticut.
May 27, 2022 at 01:12 PM
3 minute read
News
Accused of fraudulently influencing a Connecticut medical college's student loan-default rate, Stone Academy owner Mark Scheinberg has settled the alleged federal False Claims Act violation for more than $1 million.
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