Le Cordon Bleu has been involved in several investigations, lawsuits, and settlements. If you a former student of this university and struggling for student loan forgiveness, before the proceeding the means of qualifying for Le Cordon Bleu Student Loan Forgiveness, we will explain to you Le Cordon Bleu lawsuit. What is Le Cordon Bleu Lawsuit? Where did it come from?
All you know is you have a cooking dream, or you want to build your career in hospitality, and you want to make it real. The next stage after determining your goal is to find a university that will arm you with theoretical and practical knowledge in your desired field. The first university that comes mind related to hospitality or cooking in the world is the University of Le Cordon Bleu, one of the largest universities which include 35 schools located on 5 continents. Every year, 20,000 students study simultaneously at Le Cordon Bleu University.
According to the KGW reports, Le Cordon Bleu culinary school in Portland, Oregon faced difficulties. The Lawsuit filed on behalf of 2,200 students in a commercial cooking school, is on track for a settlement. Finally, Le Cordon Bleu university agreed to pay 44 percent of the cost of tuition or student loans. After the long legal struggle with the university and its parent company Career Education Corporation, this settlement will be reached.
Students claim that the university deceived them with their false advertising. Le Cordon Bleu didn’t provide them with the education at a high level as shown by university advertisements.
On the contrary, materials are in low-quality and provided training cover only qualified graduates for low-paid entry-level positions. The lawsuit alleges that the Career Education Corporation advised students to take out a large number of loans as the corporation made a forbidden deal with “Sallie Mae” (the credit company) to recharge students by 44 percent. The students who were enrolled between March 2006 and March 2010 have been subjected to it.
Settling the Lawsuit is not the first time that Career Education Corporation or its subsidiary Le Cordon Bleu acted. University accepted its fault and admitted to refund former students loans via the Borrower’s Defense Against Repayment Program who were eligible to state Le Cordon Bleu lawsuit.
Availability of two loan forgiveness programs to former students of Le Cordon Bleu students doesn’t mean that they can apply for both. Choose one of two, which will boost your likelihood of getting student loan forgiveness soon. Have a look at these two programs and choose which is better for you to apply.
Two Programs for Le Cordon Bleu Loan Forgiveness
In 2019, thanks to these two student loan forgiveness programs, former students received great news about Le Cordon Bleu loans which will lead them to get rid of this burden, even if not being dependent on the amount of the student debt.
- Borrower’s Defense Against Repayment Program
- Closed School Student Loan Discharge Program
In this article, I am going to provide you with all the necessary information about these two programs, including information about who has the qualifications to be eligible and how to apply for each of the loan discharge programs.
Does Le Cordon Bleu Lawsuit allow to pay all student loans?
On Thursday, January 3rd, 2019 the Le Cordon Bleu lawsuit was finally settled against Career Education Corporation, which is the parent company of Le Cordon Bleu.
Le Cordon Bleu agreed to pay $500,000,000 in forgiveness. Don’t forget that Lawsuit settlement COVERS loans that CEC provided. It means that you will receive automatic forgiveness for your university loans. For your Federal loans or Private loans from lenders, you still have other options like Closed School Loan Discharge Program or the Borrower’s Defense to Repayment Program.
If you want to receive advice from the experts, you can also apply for Student Loans Resolved, we will offer you in just a few minutes what you need to do to resolve your issue.
Borrower’s Defense Against Repayment Program
This student loan forgiveness program covers students who in some way attended schools that violated the law and whose loans are eligible for discharge. During the trial of Le Cordon Bleu lawsuit, the former students received the right to apply for a Borrower’s Defense Discharge, which also gave them eligibility to repay all their related student debt.
Other former students by following the rules of BDAR program, it is likely that they can get out of debt. But here is the most crucial point that you should link your Borrower’s Defense claim to the Le Cordon Bleu lawsuit, and include details about the court case and the resulting settlement in your discharge application.
If you achieve it, you will not only get a complete repayment of your student loan, but you may also be refunded any payments you have already made on loan. Let’s look at how to write a right Borrower’s Defense claim.
What keep in mind related to Borrower’s Defense Claim
You can state your claim for Borrower’s Defense through the official US government website related to the program. Don’t listen to others who offer to take care of your loans for a fee, because many Student Loan Forgiveness Scammers are everywhere. The claim is not allowed to file anywhere else!
How to check the Status of your Application
Although it is a fantastic program, unfortunately, your application may take some time to process.
In fact, many people have been waiting for more than a year and still haven’t received an answer. So keep in mind that after submitting your application you can wait for some extended period. Do not give up. The Department of Education works with applications attentively, and this may take some time until your application is processed.
If you succeeded to submit your application, before DeVos United States Secretary of Education eliminates the program, you would get a chance to take advantages of this program. As it is well known that she is seeking the way to kill off these kinds of programs. Don’t miss this chance and submit your application as soon as possible!
Closed School Loan Discharge Program
The other option for seeking a student loan forgiveness is the Closed School Loan Discharge program. This program covers the students, who were studying at Le Cordon Bleu before it closed or 120 days prior to its closing without earning the degree. Eligibility conditions don’t matter if you are:
- If you are studying at a different school after transferring your credits from Le Cordon Bleu
- If you completed all the graduation credits is necessary from Le Cordon Bleu, but you had not received your diploma at the time the school closed.
If you follow these requirements, you will have a strong possibility that your student loan will be forgiven via a Closed School Discharge.
Firstly, download the application then fill it out, and send it to your loan servicer. Handling ways of Closed School Loan Discharge applications differ from each other depending on student loan officer. You will need to comply with their guidelines and make sure you follow the instructions on what you need to do on your application via Le Cordon Bleu Lawsuit.