To attend the college or university is one issue; to complete it is another problem. As you see there are so many issues related to student loan debts. Some of these problems based on student loan repayment, the other type is relevant to scams and frauds. There are so many people who struggle with the matter like college scams or frauds. For example, Everest College Fraud is one of them, which most of the students suffer from this issue. If you one of those who has such kind of problem, in this article we clarify some facts which help you benefit from this situation.
Recently, about four years ago in 2015, Everest college closed as its parent company, Corinthian Colleges was alleged by the Attorney General of the State of California regarding Everest College Fraud. So the allegations against the college could help you benefit from forgiveness options.
What were the illegal activities related to Everest college fraud?
The colleges of Corinthian and Everest College as well was found guilty for the illegal act about misrepresenting the work placement or job success rates and misstate the quality of a program by telling students that they will be able to pass licensure exams easily. Another accusation relevant to fraud was to pressure the low-income student to take out a student loan which could help them attend the college. So after all of these facts, Corinthian College Inc and also Everest College closed and now according to the Attorney General of the State of California the college have to pay about $1.1 billion as compensation for false advertising and illegal activity. It means that the Everest college not only takes part in the illicit activity, it also proves that with the help of false advertising the school organizes fraud to benefit from the student loans.
How to get profit from this fraud?
If you also were the student of the Everest College, it could make you eligible for two forgiveness option which helps you to get rid of student loan debts. One of these options is the Borrower’s Defense Against Repayment Discharge program, and the other one is the Closed School Loan Discharge program. These programs help students eliminate their student loans and to benefit from one or either of these options. But take advantage of these options, you need to know some information which one is suitable for you and what you are required to be able to take advantage of these programs.
Which student loan forgiveness program is beneficial for me?
So as we mentioned above, there are two different student loan forgiveness options which could be beneficial for you: the Borrower’s Defense Against Repayment Discharge program and the Closed School Loan Discharge program. Each of them has its rules which you pay close attention. The first one, the Borrower’s Defense Against Repayment Discharge program is suitable for those who claim that they were defrauded by the college and was the victim of fraud or scam. Everyone who attended Everest College could use this evidence against the Everest College fraud which put them the odd situation. The more strong your evidence about Everest college fraud, the more chance to be eligible for the Borrower’s Defense Against Repayment Discharge program. So it had better be careful about your claims and accusations. Do not forget it is one of the best chance to get rid of student loan debts. In addition, another advantage of the Borrower’s Defense Against Repayment Discharge program is that the program not only offers forgiveness but also refund the students as well.
What about the Closed School Loan Discharge program? Who is eligible for this option?
Another student loan forgiveness option which helps you in Everest college fraud case is the Closed School Loan Discharge program. This program is also an excellent option to avoid student loans. The Closed School Loan Discharge program is beneficial for the student who could not graduate before the school shut down. This programs also help student eliminate their student loan debts which were taken out to attend school.
What makes you qualified for the Closed School Loan Discharge program?
As a former student of Everest college, you could benefit from the Closed School Loan Discharge program. But to get profit from this option either you should have been a former student of this school, or you have left the college no more than 120 days before Everest college closed. In addition, to be qualified for this discharge program and benefit from Everest student loan forgiveness program, you need to meet some conditions. First of all, as a former student after transferred your credits from the (Everest) college and also, you cannot attend another college before the school closed. Secondly, you could not have completed total credits for Everest college degree and failed to get the diploma for related to some issues. If you answer these conditions, you can take advantage of the Closed School Loan Discharge program.
Everest College loan forgiveness is not Everest college fraud
To benefit from Everest college scam, you need to be careful about details in your application. You should provide exact facts related to the fraud and do not exaggerate and lie about the problem. Otherwise, you could face legal repercussions. So it had better go through the facts like illegal marketing activities they promise you and what kind of problems you experience during your study. In your application, you have to prove facts to benefit from discharge programs. Besides, you can be refunded the money you have already paid for your study.
We know that forgiveness programs are very advantageous for students and they are a little bit complicated as well
So it had better get professional assistance before sending your application. Most of the people cannot take over the forgiveness process, and as a result, they could not benefit from any of the forgiveness options. So we recommend working with professional experts who can analyze your situation and give you proper advice. The professional approach increases chances to qualify for student loan discharge programs which help you get rid of student loan debts quickly. If you need expert assistance, our experts will handle your problem based on a student loan and show you the best way to avoid frustrating student loans.
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