Like the Art Institute, the closure of these institutes means enrolled students who took student loans are eligible for loan forgiveness. Keep in mind that different eligibility and requirements will apply to different schools and students. Students of the Art Institute, who were affected by the fraudulent dealings and closure of Education Management Corp schools can find vital information concerning art institute loan forgiveness on this page.
These are the two general eligibility criteria for students under this program. Former students can obtain the art institute loan forgiveness under these provisions.
As explained earlier, students get loans that they took during your study at The Art Institute written off if you meet two essential criteria.
Apart from these two, there are two other minor requirements that you need to meet before you apply for an art institute loan forgiveness program. These are :
With these three requirements in mind, you can confidently determine your full eligibility if you happen to qualify for the program. We strongly encourage you to apply at the earliest and benefit from the loan forgiveness. Keep reading to know how to apply for forgiveness.
On the other hand, this article is going to show the degree to which borrowers can become advantaged by getting familiar with the situation. Also, it could develop the necessary skills not to get stuck in the position for a while. However, it is also vital to point out that knowing what ongoing trends are within the framework. Therefore, let’s dive into the details of how Ashford University student loan forgiveness program could determine your further developments in career path. Also, it could improve them in a very positive way. On the other hand, analyzing through what is essential in terms of realizing how far the conditions could get you into trouble. Hence, while starting to think about Ashford university student loan forgiveness, you need to get informed on how things are going to emerge.
However, student loans stand as a significant problem in the way. Once you solve the obstacle, then building up career turns out to be more accessible. In this way, Ashford university student loan forgiveness comes forward as an incentive for borrowers to solve the problems. At the same time, they should be aware of what they are doing.
NOTE: The link takes you to the official government website and is reliable. Also, remember to watch out for scams and fraudulent websites. Avoid these websites and apply at the link above.
Download the application from the link.
Complete it by providing the right information for all the different fields.
Submit the filled form to your loan servicer.
In case you don’t know who your loan servicer is, it is the same company that you make your monthly student loan payments to.
Remember, every student loan servicer may have their procedures in place for working on your Closed School Discharge application. Therefore remember to contact them for more information and clarification on the matter. For students who do not qualify for art institute loan forgiveness under this program, consider the Borrower’s Defense Against Repayment. You can find the details below.
In the case of the Art Institute, it’s proven beyond reasonable doubt and proved in court that Educational Management Corporation had committed several fraudulent acts during the operation of its Art Institutes. Under the circumstances, any individual who owes student loans from the Art Institutes becomes automatically eligible to receive art institute loan forgiveness under the borrower’s Defense program. Under this program, you can obtain total loan discharge.
Some illegal activities charged by DOJ include fraudulent recruiting and unlawful marketing. As a result, a lot of students from different walks of life felt the impact of these activities. Thankfully, a lot of these students have already received compensation through loan forgiveness under the Borrower’s Defense Against Repayment Discharge?
If you meet the eligibility criteria, make sure you get the compensation you deserve from the forgiveness program. You can be confident about the legitimacy of the Borrower’s Defense program. We can guarantee with all certainty that this program is legit!
For many students currently enrolled in other institutions and trying to complete their education, this is the best option. Especially under their current circumstances that render them unfit for the Closed program. If you decide to move forward with an application for the Borrower’s Defense Against Repayment, then you stand an excellent chance to write off your debts and benefit from the art institute loan forgiveness.
Before you apply, there is some crucial information you need to consider.
Only after including all the necessary information, should you submit your application. Provided your application is successful, you can enjoy the art institute loan forgiveness, and get refunds for all your previous loan repayments. Since the benefits of this program are so significant, you don’t want to do anything that disqualifies you. Therefore, remember to pay close attention to the details and make sure to enter all the information required on the application form correctly. The application process isn’t challenging, but as mentioned earlier, you must complete it with extreme care. Please refer to the section below for details on the application procedure.
Remember to emphasize the fact that you were misled by the Art Institute in the matter of the loan. This is easy to prove because the Art Institute agreed to make about $200 million available to students. For those who don’t know the full details or are not sure about the details of the Art Institutes dealings that led to its recent closure, please read the section below to find all the information you need to build a solid case.
This led to a settlement in 2015. In the wake of this settlement, Educational Management Corp agreed to pay a total of $95.5 million for fraudulent recruitment strategies and forgive student loan debts amounting to about $103 million.
As of today, the Educational Management Corporation has failed to admit any wrongdoing even after the Art Institutes lawsuit wen against it. Nevertheless, they have consented to the payment of 200 million dollars. This is good enough proof to use for a Borrower’s Defense argument. Though this might be the case, you may be ready to do more than point to the Art Institutes’ wrongdoings. The case lies in outlining how these actions affected you personally. This is the best way to guarantee loan forgiveness from the Art Institution.
However, we understand some people may still require some assistance to pinpoint some illegal activities of the Art Institutes.
If you answer yes to any of these questions, you can plainly state it as a strong base for filing for a claim under the Borrowers Defense Program. For further clarification on the misconducts of the Art Institutes, be sure to read our post on the Art Institute lawsuits in 2019. By now, you must have made up your mind as to whether to apply or not. If yes, please on to find how to file your Borrower’s Defense Claim.
Note: Your claim will not be processed if you file through any other means apart from the official government website. There are student loan scams all over the internet now, and you don’t want to be a victim. Therefore, it is prudent to proceed with caution anytime you need to fill out an electronic form that requires personal information, especially in cases that involve financial details.
This is a simple heads up to encourage students who might get discouraged if they do not hear from the Department of Education. Hence, it is advisable not to waste any further time. Apply right away for your Art Institute loan forgiveness program and have your student loan written off.
According to the Secretary of Education, Betsy DeVos, the Borrower’s Defense program might be removed from the U.S educational system entirely. Therefore, you must move quickly, take advantage of the Art Institute lawsuit, and apply at the earliest. Until they sign the papers to get rid of the program entirely, students of the Art Institute can still benefit from loan forgiveness through the Borrower’s Defense Against Repayment.
If you were influenced by the Art Institutes’ closure, you could apply to the Closed School Discharge program. Also, students facing misconduct by the school, such as lying about the job replacement rates or the true cost of the education, can apply for the Borrowers’ Defense program. This option helps students that made the wrong decision of enrollment due to mismanagement. If a student can prove the case, he/she can get rid of the debt fully or partially.
Students who experienced misconduct by the school, similar to those mentioned in the Art Institute Lawsuit, can easily apply to the Borrowers’ Defense program. In more detail, this program protects students who were victims of education-related wrongdoing. If a school lied about the cost of the loan, employment rates, credit transfers, or education quality, you could apply Borrowers’ Defense to get debt relief. However, personal matters such as harassment or physical injury might not make the borrower eligible for this benefit.
If you do not qualify for any Art Institute Student Loan Forgiveness program, you can still get some financial assistance for your debt. For instance, consolidation or refinancing programs offer interest reduction advantage, while repayment plans can streamline the debt repayment process. You can also contact Student Loans Resolved experts to get recommendations for your financial challenges.
The chance to get debt reduction through Art Institute’s Borrowers’ Defense to Repayment can be high depending on how you prove the case. As the institute faced allegations before, you can prove the wrongdoing relatively easily. However, you still need to collect all documents and proofs and explain why you think you are eligible in a clear manner to ensure approval. For any assistance regarding this program, it is also possible to get third-party help from experts.