Student loans for someone with bad credit can be very hard to get approval for and when you do, you always expect that your institution is helping as much as possible. There is news that there is an ongoing investigation as universities have been found gaining profit from students and their personal loans for bad credit to go to school. Not only is this illegal, but disheartening to hear that your school has been trying to gain a profit from you. No official charges have been made to any schools yet, but a legal team is gearing up for a very interesting case. If your school is no longer fully trustworthy, then the same applies to any place you are trying to get bad credit loans from. Be careful and choose wisely.