Students of Everest College expressed their concerns about diplomas of Everest Colleges are worthless in Everest College lawsuit. In 2016, Corinthian Colleges was obliged to pay more than $1.1 billion to the State of California, in part for defrauding thousands of students. After Everest College Lawsuit, the judge ordered compensation of $820 million for students and civil penalties of $350 million. More than thousands of former Everest College students have been provided with debt relief by the US government because of Everest’s questionable business practices. Thousands more may get debt relief.
Briefly about Everest College
Everest College was established in 2007. It is a system of colleges in the United States of America. After the for-profit college system in 2015, Everest College owned and acquired by Corinthian Colleges, Inc. However, Corinthian Colleges stopped their operation and announced their bankruptcy. Educational Credit Management Corporation (ECMC) took control of more than half of Corinthian Colleges’ campuses, including the majority of Everest College campuses.
In this post, we will discuss loan forgiveness for Everest College students, Everest College Lawsuit and more information every borrower should know.
Everest College Loan Forgiveness
In 2019, there is an excellent opportunity that you can qualify for loan forgiveness for Everest College students, and maybe even for compensation for any payments, you have already made toward your pending student debt. With the help of Everest College Lawsuit, you will be able to get your student loan forgiveness.
You can access these exceptional loan forgiveness benefits via one of two programs, either using the Borrower’s Defense to Repayment program. This program provides the advantages of forgiveness and reimbursement for students misled by a school, and second is the Closed School Loan Discharge program. It lets students eliminate the credits received for schools that shut down before they could graduate.
But one of the essential things to do before you go ahead applying for student loan forgiveness is to pay for an expert to review your case and tell you exactly what to do. As the application for student loan forgiveness is a complicated and confusing process. First, let us scrutiny the process in details.
In March of 2016, the Court of the State of California charged Corinthian Colleges to pay $1.1 billion in penalties and compensation for false advertising. It means that Everest College Lawsuit was not just about false advertising but illegal activities of the school. Corinthian Colleges, Inc. which is the parent company of Everest College, was charged with lying about their job supply rates and engaging in unlawful practices by pressuring vulnerable low-income students to take out student loans to attend their schools.
In the Everest College Lawsuit, it was noted that college is accused of using deceptive strategies to get students to sign up for classes. According to the Everest College Lawsuit, advertisements and recruiters told students that there was “available spaces are limited” and that they would lose their chance to sign up when they called and pressurized them to wait a year to start the program unless they enrolled immediately. Everest did not reject students due to limited space and classes start once a month.
Borrower’s Defense Against Repayment Discharge to wipe out your Everest College Loans
This led Everest College to direct the Borrower’s Defense Against Reimbursement Discharge. This means that anyone who is attending school can use this false evidence that should never be used as the basis of Everest loans or must be formally deleted. If you still owe Everest money, you need advice and information to solve your forgiveness issue with the closed university.
Anyone who undertook a loan to attend a school that committed fraud against them is entitled to loan forgiveness or loan discharge via the Borrowers Defense Against Repayment Program.
This program was established by the federal government to protect the debtors who were illegally provided that they should continue their schooling. In addition, this program allows you to delete all debts that you owe for your Everest education.
Everest College has been proven to have broken the law, which means that all you need to do is show that Everest lied to you and you believed that it would be a good idea to take on a loan to attend their school.
How to make your claim strong
Ah, don’t worry, loan forgiveness of Everest College loans is the real deal, and this is not a lie again. Other former students of Everest College have already got their student loans forgiven right now, which sets an example for forgiveness, and so you could get your debt wiped out too!
Keep it in mind that you will need proof the link between illegal marketing of Everest and your claim. So you will have to explain precisely why you have a right to receive a discharge, but if you experienced their false advertising claims or some other forms of fraudulence, then you are on the right way.
Do not forget this fact that if you fill it out the application to BDAR correctly, you will have a perfect chance of getting your student loan forgiven.
If you are lucky enough, then, you can even qualify for a refund for the money you pay to the loan.
The application process of BDR
To apply for your Borrower’s Defense claim, go to the website of official US government and go to their BDAR wizard. If you want to recognize the form in details, navigate on the site and find the necessary details which will work in your claim against Everest College. Unfortunately, the Borrower’s Defense Claim applications are a too long process, and students wait even years to hear the great news about their student loan forgiveness. But don’t let the longevity of the process to push you down and make you give up on this application. It is your best way to reach your goal and get your money back.
Your BDAR application should describe how you would have never taken out a student loan to attend Everest College if the school hadn’t involved in a violation of law by lying to you about their placement and job success rates.
Everest College Loan Forgiveness via Closed School Loan Discharge
Your second chance is Closed School Loan Discharge program for student loan forgiveness as the former student of Everest College. This process is simple than the other program. You don’t have to cope with any legal proceedings. If you are a student who left the school no more than 120 days before the closure or did not graduate at all were still studying at the time of the closing, then you are eligible for a complete student loan discharge.
How to apply
Applying for the Closed School Loan Discharge program is simple, fill out the application and submit it to the people who operate your loan. Every loan servicer has a different procedure in place for processing these applications. After submitting your Closed School Loan Discharge application, the loan officer is legally responsible for informing you of their process, and you should follow the instructions for your loan to be fully forgiven.
Which one is better?
If you feel uncertain about selecting one of these programs, review these programs thoroughly. If you qualify for both programs, then I would recommend Closed School Loan Discharge program. The reason is that the Closed School Loan Discharge Program is simple while the Borrows Defense program takes longer to process. However, the choice is yours. Read all the requirements of both programs carefully and then decide. Apart from this, if you need further information about Everest College Lawsuit or you are unsure about your loan status and how to fill the application accurately, we can help you navigate and understand your loans. We will also provide you with professional assistance to file your claim professionally and guarantee the best possible result.