After mortgage debt student loan is currently the second largest category of consumer debt. According to the Federal Reserve, outstanding student debts reached $ 1.521 trillion in the first quarter of 2018. Many universities have various student loan forgiveness programs. Colorado Technical Institute also offers its special student loan forgiveness programs too. Of course, it is not such an easy process to qualify for Colorado Technical Institute Student Loan Forgiveness by its students. Available Colorado Technical Institute Student Loan Forgiveness programs have enough complicated and confusing application process that needs to be informed completely to apply. If you are a former student of Colorado Technical Institute (CTU), we have a piece of great news for you!
Due to a lawsuit settled with the Career Education Corporation by 49 States Attorney Generals, you may be eligible for a student loan discharge, or even a full refund. What you should do now is to be familiar with this program carefully and apply appropriate ones!
Brief information about Colorado Technical Institute
Colorado Technical İnstitute was founded in 1965 and accredited by the Higher Learning Commission and is a member of the North Central Association of Colleges and Schools. The university is located in the city of Colorado Springs and offers campus-based training as well as online. The university offers academic degrees, associate, bachelor, master, and Ph.D. degrees.
Along with a wide range of advantages of studying in Colorado Technical Institute, now students are burdened with education loans of this university. Colorado Technical Student Loan Forgiveness is a crucial point for former students.
Monitoring of Colorado Technical Institute
The Colorado Technical Institute, where students from all over the country and different countries are studying, has also been nationally monitored for a series of complaints, lawsuits, and reports of fraud. These incidents include denial of access to transcripts, cheating on career opportunities and employment programs, receiving poor or zero student customer service, fake promises from “career trainers deceptive hiring tactics, distortion of employment rates, high default rates on student loans and student withdrawals, selling student debts to several collection agencies, abusing of US Veterans and VA Loan Programs, etc. .
Are you looking for Colorado Student Loan Forgiveness?
If you are looking for Student Loan Forgiveness, we have good news for you. To have federal loans gives you a great opportunity. Now Colorado Technical Institute Student Loan Forgiveness is possible if you get discharged via Borrower’s Defense to Repayment Program. To get rid of your Federal loans you need to prove fraud activities of Colorado Technical Institute against you. Using this way will eliminate you from your student burden without paying a cent.
The critical point about Colorado Technical Institute lawsuit is that this university has admitted all accuses relating to illegal activities. In your BDAR claim, you should use it as evidence against the university. In the meantime, you can also include the list of indications against the university the fact about false rates on job placement or incomes of graduates and incorrect information on the opportunities of their education programs.
How to get Colorado Technical Institute Student Loan Forgiveness in 2019?
If you are a former student of Colorado Technical Institute, undoubtedly, you are looking for ways to get Colorado Technical Institute Student Loan Forgiveness. Before we get started, you might find this way very complicated and confusing, and that’s because it was meant to be so. If you have difficulties find an expert student loan counselor, who will help you potentially and will give you advice based on your situation.
If you attended a school that closed before January 1, 2019, or if your last day of study at Colorado Technical University was December 31, 2013, or earlier, you may be eligible to get rid of your student loans.
Take advantages of Borrower’s Defense to Repayment Program
Let’s suppose that your university lied you like to give a guarantee that after graduating you will get jobs. But as a result, it became clear that this was just false advertisement. Not only you, significantly, but the majority of students are also in the same condition with you. Another example of such a situation that we can demonstrate is the capabilities, materials, and resources of the program which you have chosen to study are not similar with the program shown in the advertisement of the university. Do not be discouraged because of it!
Thanks to the facts as mentioned above, you may qualify for Colorado Technical Institute Student Loan Forgiveness through the for the Borrower Defense Program. It will give you an opportunity to get rid of your loans, receive loan forgiveness and seek a refund for the amount you have already paid for the university.
The Borrowers Defense To Repayment
If the school misled you or committed other misdemeanors in violation of specific laws, then you may be entitled to for Borrower Defense to repayment. You can claim that the school violated state law regarding the educational services for which your loan was granted or the federal student loan itself.
Federal Government founded Borrower Defense to Repayment program to protect the students who were subjected to false job placements and incentives to enroll their college by their colleges and institutions. You should keep in mind that you are filing a claim against your school. The key point here is to link all the fraudulent college activities with your condition and support facts with your documents. University administration lied, and all you need is to explain why you deserve to get a discharge.
Consider that this application process takes time and you have only one chance. There may be many examples of illegal activities you faced. But choose the most important one.
After you have fulfilled all the requirements of the application form, including providing of stating the illegal fact that you faced by your university and all the required additional and essential documents. You can get two types of response: positive response or negative response. Let’s get started to clarify that as a result of responses depending on whether positive or negative, of course, how your condition will change.
If your BDAR Application is Approved
If you receive a positive response, you may get a full or partial discharge. Partial discharge means you should take responsibility to make payments on the amount of money, which wasn’t discharged, as well as interest that accounted to your student loan.
If your BDAR Application is Denied
Unfortunately, a negative response is also possible. In this case, Forbearance or stopped collections will end. It means that you are responsible for your debts and must make monthly payments. Plus, interest on your debt also exists.
Conclusion
To get Colorado Technical Institute Student Loan Forgiveness through the Borrower Defense to Repayment Program is enough complicated and challenging process. So, take this process seriously, do not lie or exaggerate your claims. Make sure you follow all the instructions. Remember that each case is different. Take into account what options you have. If you have difficulties, look for reliable and professional assistance which will provide you with a professional consultation. Finally, many student loan forgiveness programs are available, some old ones and some new ones, due to which debt forgiveness is possible, and we expect more programs to appear in the near future and also the burden of debt will become a broader political topic.
