On December 13th, 2018 the Department of Education announced that they would approve $150,000,000 in Borrower’s Defense to Repayment Discharges. It included raising federal loan cancellation for students who attended the Heald College. 150$million put away for this period of approvals, and as a result, Heald borrowers are likely to get their Borrower Defense applications accepted and get their federal loan cancellation during the application process. Consequently, the Department of Education began to do warnings to those borrowers on December 14th, 2018.   

Heald College has Been Accused Of

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US Department of Education investigated that Heald College misrepresented the whole quality of higher education programs. They also encouraged low-income students to take out massive student loans who are in reality may not able to pay them back, and the school should have known they’d never really be able to pay back.    

Heald College’s Illegal Marketing Activities

After the investigations of the US Department of Education  it is found that there are some illegal marketing activities that Head College does:  

  • Fraudulently misrepresentation of the features of the programs. Besides, they promised a prospective student that a particular program would prepare them for taking a licensure exam. Moreover, it is said that Heald College grads of the same program who took the exam passed it 100% of the time
  • Pressure to low-income students to take out massive student loans so that they could attend the school. It was on the purpose of those students would never be able to complete their education requirements and pay back loans.

If a similar situation happened to you by Heald College, then you should apply student loan debt forgiveness for federal loan cancellation. Before taking any action call Studentloanresolved and get free assistance about loan procedures.

How to Get Rid of Loan Debt Without Paying for It

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Heald College students may use two ways to get federal loan cancellation. The first one is the Borrower’s Defense to Repayment program and the second is the Closed School Loan Discharge program. With the help of these programs, students can eliminate their loans. Each of these programs is simple as well as easy to apply to qualify for which is the great thing about them.

Borrower’s Defense Repayment Program

The program is created for students in getting loans. Consequently, they were created illegal lies, false advertising. For applying for Borrower Defense to Repayment Program and receiving Heald loan forgiveness you should submit the application and submit it.  After finishing your application process, you will get an answer to whether your loans are forgiven or not. If the answer is positive, then you should stop worrying about your loan balance. Even you may get a refund for your already paid cash. The most necessary factor you need to consider about this program and its application method is that that you should show the connection of Heald College’s deceitful activity to your Borrower Defence Claim because the reason which will assist you to get loan forgiveness.

How to write Borrower Defense Claim

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It is an essential part of your application process. Borrower’s Defense Claim is the document that stresses that Heald faculty did one thing illegal to you. As there is so many unlawful stuff that The Heald College was up to, with the help of this claim you can easily prove it to the Department of Education that has resulted in $1.1 billion lawsuit settlement.

The crucial thing that you need to worry about your application is to convince the loan service for federal loan cancellation. Prove that you if Heald College was not part of this fraudulent activity you wouldn’t have taken a debt. Therefore, in another case, you wouldn’t have signed for that loan.

For persuading yourself to get a federal loan cancellation, there is no need to fight and make an uphill battle with the Department of Education even if you are sure that there was a Heald College lawsuit with $1.1 billion amount of money by the parent company of Heald. However, if you merely observe the judgment against the college, this may not be enough.  Going in detail is essential. Think what exactly the faculty did to you and show the examples.

Borrower Defense Program application form

When you fill out the application form don’t be satisfied with only saying that Heald was doing some illegal stuff. Instead of it, be more specific and show that school did this illicit activity to you with the results. It can be required to provide precise details about what they did or said to you because you need to persuade the person who is going to read your application. Clearly, show that you deserve a federal loan cancellation by the loan service company.

The application form is available online. You should sign it digitally. Upload some scanned pdf on your application form and submit it. As the application process takes a long time in this program,  prepare all the documents beforehand. When you complete a fillable pdf form print it and sign it. Then send the form to the US Department of Education by email BorrowerDefense@ed.gov.

How to apply for Closed School Discharges

You need to fill out the official application and submit it to the company that services your loans. If you don’t know who is the corporate company as a loan service, it is the one whom you are paying monthly payments. Loan servicers can be different on following the application process, but in every case, they are legally obliged to tell you instructions on federal loan cancellation how to proceed.

Eligibility Requirements for Closed School Discharges

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Before applying, make sure that you are eligible to apply for the student loan forgiveness by closed school discharge program.

  • The first requirement is that you need to be a student that has to study at Heald College at the time it closed, or have left the school no more than 120 days before its closing day. However, it is not enough with only this requirement, consider the following conditions as well.  
  • Second, don’t make transferring all your credits out of Heald College to some other school.
  • Third, you can’t have completed all the credits required to graduate from Heald before the school shut down.

If you satisfy these requirements, then you have a chance of getting a federal loan cancellation.

Which Program is Better? Borrower’s Defense or Closed School Discharges?

That depends on your situation that which one is perfectly suitable to you. If you consider the activities of both programs, they offer federal loan cancellation benefits by forgiving and making refunds for your loans. But it may be difficult to choose which one works best for you. Taking into account that you may qualify for both of them, as a Studenloanresolved we recommend you to pursue the Closed School Discharge Program first, and next, Borrower Defense program. Due to the much longer process of application, it is better to apply for Borrower’s Defense program secondly.