It’s a loan from the government that the student pays back once they earn $45,881 gross. It even includes interest, so in some ways, the government is actually profiting from the students, assuming that one day they actually more than $45,881.
I don’t know anyone of my crowd that haven’t paid back their loans.
I would take a stab that only 50% of Soar graduates at best will ever find employment. One reputable flying business owner here has voiced that he would never employ someone at Soar and I don't think he is the only one.
When it comes to this school and Fee-HELP the tax payer is at a loss. Guaranteed.