Department of Education had a decision about banning the for-profit vocational college from registering new students with federal student loans. After ITT Tech Lawsuit, the college has decided to close its doors permanently. ITT Tech closed completely on December 13th, 2018 and this time the Department of Education declared to approve $150,000,000 amount of money in Borrower Defense Repayment Discharge as well as the discharges for people who attended ITT Tech. As news came unexpectedly, it was a shock for the company due to its long operation in business since 1969 and until today which was over 130 campuses in 38 states. Recently, the company was under control with the state, national and federal investigations not only about recruiting and accounting practices but also its financial viability. Hopefully, this blog post will be a guide for you about ITT Tech lawsuit and student loan forgiveness.
The reason to blame
The fraudulent activities of the university were brought into action by a group of former students represented by Harvard University’s Project on Predatory Student Lending with ITT Tech. Students helped to rise ITT Tech lawsuit because of suing them for inducing them to take on excessive student loans. As a result of this action, students got a chance to file bankruptcy against student loans in ITT Tech.
Connecting ITT Tech with Borrower’s Defense Discharge Claims was another important thing about the lawsuit because it proved in Court that the school did some highly illegal things as well, giving debt to students with false or misleading statements about the schools’ accreditation, job placement rates, and transferability of credits. Besides, ITT Tech was sued by the Consumer Financial Protection Bureau in 2014 almost for the same issues, as a result of the Lawsuit the company was forced to close 140 campuses throughout a whole nation with initiating bankruptcy proceedings.
How to be eligible for the Student Loan Forgiveness Program
If you attend ITT Tech in a time frame from 2006 and 2016, considering this participation it can be beneficial to you due to ITT Tech lawsuit. As there are two ways for students, who attended ITT Tech in getting rid of their loans. They are as follows below:
- The Borrowers Defense To Repayment program
- The Closed School Loan Discharge program
You need to make sure to select the best loan forgiveness program that gives you the immense opportunity to eliminate your student loans.
If you haven’t already submitted your Borrower’s Defense application and you have some questions about loan procedures, then it will be the best choice to call Studentloansresolved and get free assistance. Studentloanresolved can offer you some solutions. You can get various information including current news and data about loan procedural information.
Borrower Defense Application
To apply student loan forgiveness due to ITT Tech lawsuit with Borrower Defense program, you should submit an application form. The application form is available online. Firstly, complete the form and sign it digitally. Next, it will be useful to provide additional documents which are part of your application as a requirement. As a recommendation prepare all the documents before starting a period of the application so you will be ready when the form opens. Although you can submit your application form by completing a fillable PDF application form. After signing the form, you should send it to the U.S Department of Education by email to BorrowerDefense@ed.gov.
The Closed School Loan Discharge program
Apart from Borrower Defense programs, students can apply to Closed School Discharge as well. It gives them an opportunity of 100% forgiveness for any Closed School Discharge worship to 100% forgiveness on the balance of any Federal Direct Loans, Federal Perkins Loans, and Federal Family Education Loans These loans are forgiven because of the intention of getting services at the college that closed. If you apply for this program, you can be eligible for repayment for all cash that you have paid due to ITT Tech as well as its colleges.
Take into account
Some companies don’t want you to realize that you qualify for these ITT Tech loan forgiveness benefits and they have made it tough to get information, to make changes about your loans, or apply for federal loan forgiveness. It is because they want to keep you in paying. That is why our website is available lots of vital information for thousands of borrowers.
How to Get Student Loan Forgiveness
To get rid of all your student loans without paying, choose the most effective way. It is considered The Borrower’s Defense Against Repayment Program. But firstly, you need to take into account that discharges are only available for Federal student loans.
Besides, you need to know that it is not that easy to get forgiveness. You should convince the Department of Education (DOE) that the school you attended deliberately misled you for some purposes. They have performed some illegal activity or committed fraud against you; consequently, you agreed to borrow money to participate in the school because of their bad behavior.
The BDAR is the best program that gives the opportunity to discharge your debt. It is mainly for anyone who attended one of the big for-profit schools.
Discharging ITT Tech Loans
The goal of the Borrower’s Defense to Repayment Program was to assist borrowers to get rid of debt because they tricked into taking out loans by a school that misconducted with fraudulent activity against them. In the case of a lawsuit, who was committing illegal behavior against students, Borrower’s Defense Discharges are available all the time. The best thing about BDAR discharges is that they can eliminate your loans, meaning that you will not pay any money that you owe. Additionally, you may even get a refund for the money you’ve already paid back!
The most important part
Provide connection with the Borrower Defense claim and the reason for ITT Tech lawsuit. Because it is essential to show why ITT Tech is accused. If you want to have your discharge request to be approved you need to convince The DOE that you deserve. Convincing the Loan service for loan forgiveness is not easy, therefore, try to be more detailed in analyzing the lawsuit by showing monetary settlement figures. To build your BDAR application against the school, so you’ll need to include examples of what ITT Tech did so that to earn discharge.
To get your discharge request approved, it’s vital that you pay close attention to the details of an application process, and that you fill everything out correctly, so let’s look at the application process in more detail.
How to Write Borrower’s Defense Claim
When you write your BDAR Claim, make sure to focus on the ITT Tech lawsuit. You should show that it has been sued for violating the law by doing illegal things and encouraging students to attend their school. Therefore, this claim part is essential as it requires you to prove that Lawsuit rose because of breaking some Federal, State or Local Law against you and it has done it by lying to you and making some false promise. You need to stress all of these reasons on BDAR Application with explaining what you were told, promised, or shown, and detailing why that makes you qualify for a BDAR Loan Forgiveness.
As this is the crucial part of the process and you will only get an approval for a discharge, consider our assistance even from the webpage for people who search online about ITT Tech lawsuit. If you are not certain about submitting your Borrower Defense Application, then it will be the best choice to call us for assessment. Don’t worry, and if you get our help, then there’s an excellent chance that probably you’ll receive ITT Tech loan forgiveness during this wave of approvals. By writing short information about yourself on our website, we can help you with student loan forgiveness programs. There is no any commitments or obligations, and it is free.