Le Cordon Bleu loan forgiveness could not have come sooner. Le Cordon Bleu is one of the many for-profit loans giving organizations that have bitten the dust. Due to the many illegal activities that have faced a hail of lawsuits against them.
If you have ever been put under the burden of paying thousands of dollars worth of loans to Le Cordon Bleu, you need to worry no more. The goal of this article is to inform you about Le Cordon Bleu loan forgiveness programs, and ways of getting rid of your student loan debt. Let’s get to it!
What are the accusations against Le Cordon Bleu?
Before getting started with how to apply for Le Cordon Bleu Loan Forgiveness, it would be good to be informed of their accusations. One of the main allegations that have been made against them in the Le Cordon Bleu Lawsuit is regarding their Ponzi Scheme type marketing tactics. They have falsified job placement data for students, and lured students used pressuring sales tactics. Another degenerate way of attracting unsuspecting students was done by telling them that the school is highly selective.
When applying for a Le Cordon Bleu Loan Forgiveness, it will not be enough to simply say that they were engaged in the activities mentioned above. You will need to have a well-prepared case if you are planning on succeeding with your loan forgiveness. The only hardship you might face is, when applying for the program, you will need to prove that Le Cordon Bleu has carried out these fraud activities against you personally.
Illegal marketing activities
To make things clearer for you, below are the class-action lawsuits that have been filed against Le Cordon Bleu. If you are planning on applying for Le Cordon Bleu Forgiveness, you should check them out, and see which of the wrongdoings have been done towards you.
- As mentioned before, Le Cordon Bleu has falsely told prospective students that after graduation, a high-paying salary job awaits them. More specifically, students would have no hard time finding the position of their dreams, and making it big. All of this, of course, was a lie.
- Recruiters for the loan program were put under high pressure to meet the high amount of enrollment targets. There have even been cases where former recruiters were told that if they had not met their quotas to take in a number of students, they would be fired. By now, you might have understood that, all of this resulted in the recruiters using unorthodox sales tactics against students looking for a prospective future.
- Le Cordon has also been accused of inflating their graduation rate numbers. In some instances, recruiters had told students that their programs had a 90 percent graduation rate, when in reality, it was around 30.
- The school had also pretended that it had a highly selective enrollment procedure, when in reality, they enrolled basically everyone, including those who were unqualified.
Have you fallen for any of the immoral tactics mentioned above? If you have, then you could use it to apply for Le Cordon Bleu Loan forgiveness. The Borrower’s defense program, which will be mentioned more in-depth down below, should be your primary path for student loan forgiveness.
Two main ways of applying for Le Cordon Bleu Loan Forgiveness
You might be worried about being eligible for the Le Cordon Bleu Loan Forgiveness program. How do you get out of student loan debt? It is pretty easy, even if you owe the school thousands of dollars.
There are two main ways of achieving Le Cordon Bleu Loan Forgiveness. The first one is the Borrower’s Defence to Repayment route. The second option you have is the Closed School Debt Discharge way. Both of these methods can prove to be very useful for you in getting rid of your Le Cordon Bleu loan debts. Down below will be an in-depth explanation of how each one can work for you.
Borrower’s Defense Against Repayment
This program may be your one-way ticket to resolving your student loan debt. The Borrower’s Defense repayment program was designed to help students get rid of the loan debt they should not have taken in the first place. It is aimed at schools that have broken the law in any way. This breaking of the law may have led you to take the loan under fishy circumstances.
Le Cordon Bleu has admitted to committing actions of fraud towards many unsuspecting students. These allegations were admitted to during the proceeding of the class-action lawsuit that was filed against them. If you have been a victim of any of these allegations, then you have a high chance of applying for a Borrower’s Defense for Repayment Discharge. When a student is accepted into the program, then he or she could have the student loan completely wiped out.
The only trick here is to link the claims you have in regards to the Borrower’s Defense program, and match them with the lawsuits that have been filed against Le Cordon Bleu. If you can get the best of both sides, you can use it as a UNO card against Le Cordon Bleu. You just have to include various details about the case in court, and the settlement that will follow in the discharge application you fill out.
Closed School Student Debt Discharge
Let’s say that you went through all of the allegations, and none of them seem to suit your case. In other words, Le Cordon Bleu has not quite defrauded you. If this is the case, then no need to worry. Because you have plenty of Ace cards up your sleeve, and you can still be eligible for Le Cordon Bleu Loan Forgiveness. Your best bet for shedding your debt would be to apply for the Closed School Loan Discharge opportunity you might have.
The program is designed to benefit students who were enrolled at Le Cordon Bleu during the time it shut down. You might even be eligible if you left the school less than 120 days before it closed its doors for good. But hold your breath, because there are a couple of conditions which you must pass.
The first one is, if you are attending another school and have transferred your credits from the Le Cordon Bleu school, you will no longer be qualified to participate in the program. This means that if you have already moved on, and are attending another school, it’s unfortunately too late. It just means that you still have a chance of graduating and paying off the loans you have taken.
The other condition is, you will not be able to qualify for the Closed School Program if you have completed all of the credits required to graduate. You might not have been able to receive a diploma due to the school closing, but this still prevents you from being eligible. If you can satisfy any of the requirements mentioned above, then you will be more than likely to have your loans erased.
Things to remember.
To some students, the programs and routes to apply for Le Cordon Bleu Loan Forgiveness may seem like a far fetched idea. Your dreams of getting a loan for Le Cordon Bleu may have turned into terrible sin, but don’t worry because salvation is here. By following the two options you have, you could be relieved of your debt once and for all. The programs mentioned are genuine and accessible for any student that may be suffering. They are not scams, regardless of what others may have said about them.