Do You Qualify for a Le Cordon Bleu Refund or Discharge?

If you’re a past student at Le Cordon Bleu, it’s possible that you qualify for Le Cordon Bleu student loan forgiveness, and maybe even a refund for any number of money that you’ve already paid toward the balance of your loans.

There are two particular roads for achieving loan forgiveness for past Le Cordon Bleu students: first, the Closed School Loan Discharge program and second, the Borrower’s Defense To Repayment program.

These two seeking Le Cordon Bleu student loan forgiveness programs are authentic and accessible. They are NOT scams, despite that, some people might say, and the US government entirely controls both of them, making them 100% reliable ways to wiping out your loans without having to pay them back.

In this article, I’m going to present you all the knowledge you require to understand about these two programs, including who qualifies for them, and how to utilize each of them. And also I’m going to give you some essential tips on how to write your Borrower’s Defense application in a form that will increase your odds of getting it approved.

If you’re seeking a previous Le Cordon Bleu student loan forgiveness, then you’ve come to the right place, because if you follow my guidance, you’re almost assured to get your loans discharged.

Before We Get Into It…

Before I describe the Le Cordon Bleu lawsuits, Le Cordon Bleu Student Loan forgiveness, and refund programs, let me fill you in on a secret regarding the student loan industry: the quickest and affordable way to eliminate your Le Cordon Bleu student loan is to pay a specialist for their help in evaluating your case and devising the perfect plan for managing your debt.

Why? Because student debt is difficult and complicated, and because the Le Cordon Bleu student loan lenders and servicing companies retain it that form on plan! Why do you assume there are so many notable lawsuits filed upon them and so many criticisms about their terrible action? There’s a purpose why almost every individual student loan servicing company averages one-star reviews!

Want to learn more about Le Cordon Bleu Refund or Discharge?

Just fill the form or click “Call Now” button.

But there is only one company I believe to present information to my readers, and that’s the Student Loan Resolved. I love the Helpline because their staff is true specialists in Le Cordon Bleu student loan, who can evaluate your situation in just a few minutes, then guide you on accurately what you require to do to eliminate your loans as fast and affordable as possible.

And also, I love the fact that they only charge a few hundred dollars for a assistance that can save you tens of thousands over the lifespan of your loans, making them a likely great investment.

To receive master advice regarding what you have to do with your Le Cordon Bleu student loans, call the Student Loan Resolved now at 1-800-820-8128.

The Le Cordon Bleu Class-Action Lawsuit

As the result of a class operation lawsuit, Le Cordon Bleu-Portland accepted to refund 44% of the tuition paid by previous students in February 2018.

This is not student loan forgiveness. It’s the arrangement of a class action lawsuit facing the school.

But, the fact that school admitted its guilt and accepted to pay out that much money paves the process for former students to apply the lawsuit as a cause that their student loans should be forgiven by the Borrower’s Defense Against Repayment Program.

Two Ways to Discharge Le Cordon Bleu Student Loans

As I described above, there are two excellent loan forgiveness programs open to recent Le Cordon Bleu students.

But, that doesn’t mean that you can apply for both. You must choose one, and the program you pick should be the one that offers you the best odds of getting debt forgiveness as soon as possible.

To assist you to choose which program will work best, let’s take a look at these two programs in particular.

Discharging Le Cordon Bleu Student Loan via Borrower’s Defense Against Repayment

This is the student loan forgiveness program for students who attended schools that violated the law in some form, and whose loans are then eligible for discharge since they shouldn’t exist in the first place.

Since Le Cordon Bleu violated the law and confessed to it throughout the proceedings of their class-action lawsuit, recent students are entitled to apply for a Borrower’s Defense Discharge, which makes them suitable to have all their related student debt wiped out.

Other former students are already getting their loans Le Cordon Bleu discharged, which does it very possible that you can get rid of yours also, as long as you match the rules of the BDAR program.

The solution here is linking your Borrower’s Defense claim to the Le Cordon Bleu class action lawsuit, and including features about the court case and the resulting adjustment in your discharge application.

If you do this accurately, not just will your student loan be forgiven, but you may also be compensated for any payments you already performed on the loan. This is why I’m going to explain to you how to accurately write your Borrower’s Defense claim.

How to Write Your Borrower’s Defense Claim

First and foremost, you must point out that Le Cordon Bleu violated the law. You would have never taken out a student loan to meet the value of the tuition if the school hadn’t involved in fraud.

What you’re trying to show to the Government is that you just took out the student loan due to school lied to you and that it was the content of their lies that assured you that it’d be a useful idea to borrow the money required to attend their higher education program. Le Cordon Bleu was found guilty of lying on job placement rates, salary data and other things throughout the course of the class action lawsuit, so it will be simple for you to show that they misled you by misleading advertising.

Second, you must be very definite regarding what they did to you. It isn’t enough to only point out that they got in the case for violating the law. You will need to prove what they did to you, individually.

As you read about the sorts of fraudulent activity Le Cordon Bleu confessed to engaging in throughout their lawsuit, ask yourself if any of these things happened to you. If they did, you must present them in your Borrower’s Defense claim, and you’ll want to be as special as possible within your application.

Think of it this means – if you can tell the Government specifically what Le Cordon Bleu did that was forbidden, and which convinced you that taking out a student loan to attend the school was the proper thing to do, then you’ll be able to receive all your loans forgiven.

What Fraudulent Activity has Le Cordon Bleu Been Accused Of?

Le Cordon Bleu has been involved in counterfeiting job placement data, inflating graduation rates, using high-pressure sales tactics, and bluffing that the school was extremely selective.

It isn’t enough to only point to the fact that Le Cordon Bleu was involved in the fraudulent action.

When you apply for student loan forgiveness through the Borrower’s Defense program, you must point out that Le Cordon Bleu did those things to you individually.

Let’s take a look at what specifically Le Cordon Bleu did that got them into trouble.

Le Cordon Bleu’s Illegal Marketing Activities

Throughout the class-action lawsuit against the school, Le Cordon Bleu was involved of:

  • Counterfeiting job placement data and assuring prospective students that they would get an excellent job at high-paying wages after graduation
  • Putting excessive pressure on recruiters to match ambitious enrollment targets. Recent recruiters have declared that if they didn’t match their quotas, they would be fired. This ended in recruiters utilizing high-pressure sales tactics on prospective students
  • Inflating graduation rates. For example, recruiters were telling prospective students that a program had a 90% graduation rate when it was more like 29%
  • Pretending that the school is extremely selective when it was enrolling students who were unqualified

Did any of these things happen to you? If they did, it’s a cause your student loan should be discharged, and you should think using the Borrower’s Defense Program as your way to student loan forgiveness.

Where Can I File My Borrower’s Defense Claim?

The single place you should list your Borrower’s Defense claim is the official US government website devoted to the program.

Do not file the application anywhere else! Don’t be surprised if you notice other people insisting that they’ll take care of the process for you, for a charge, because there are tons of Student Loan Forgiveness Scammers floating around out there now.

Don’t be tricked by these tricksters! Make certain that you file your claim at the official website the US government has set up explicitly for this idea.

Checking The Status of My Application

While it’s great that this program is available, the sad part is that your application may take some time to process.

There have been people who waited over a year before they got a response. So, be informed that after presenting your claim, you may be sitting on things for some extended period. The Department of Education is underfunded and understaffed, but they’re going through the applications, and it may just take a while until yours gets processed.

Whatever you do, don’t let the delay discourage you from utilizing for this program, because Secretary of Education Betsy DeVos doesn’t appear to like the Borrower’s Defense program and she’s actively seeking to get rid of it.

If she’s successful, but you succeed to get your application submitted before she kills off the program, then you’ll stand a high possibility of being grandfathered into the advantages, so it’s crucial that you make your submission in as soon as possible.

Receiving Forgiveness via the Closed School Loan Discharge Program

If you don’t think that Le Cordon Bleu defrauded you, then don’t give up totally yet, because you’ve got another opportunity for pursuing loan forgiveness. It is The Closed School Loan Discharge program.

This program is for people who were studying at Le Cordon Bleu when it shut and also for the people who left no more than 120 days before its closing.

Eligibility Requirements for Closed School Discharges

Here, I’ll give you the essential information you must figure out whether or not the Closed School Loan Discharge Program applies to you, but if you need to read through all the features on the program, then take a few minutes to read through.

This program is for people who were studying at Le Cordon Bleu when it shut and also for the people who left no more than 120 days before its closing, without having earned a degree.

There are a couple of different states as well though. You won’t qualify for the program if you’re currently attending another school after having transferred your credits from Le Cordon Bleu.

You also won’t qualify if you made all the credits required for graduation from Le Cordon Bleu but had not got your diploma at the time the school closed its doors.

If you can meet these conditions then there’s a very strong chance that your student loan will be forgiven via a Closed School Discharge.

How Do I Apply for a Closed School Discharge?

Applying for the Closed School Loan Discharge program is simple!

Simply download the application, fill it out, and submit it to your loan servicer: the group who you transfer your monthly student loan payment to.

Each student loan servicer has a somewhat different method of managing Closed School Loan Discharge applications, so you’ll have to discuss what they ask for after you’ve submitted your application, and you must comply with whatever guidelines they present.

Just make sure to follow their guidance on what to do after you submit the application and you should be good for getting your debt discharged.

Private Student Loan Consolidation

Private student loan consolidation is available through various banks we work with to combine all your student loans into one new loan. Private student loan consolidation requires a good credit score and will often have better rates than the federal student loan.

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

That’s a tough question to respond because each program is great, however they work better for different kinds of situations.

Both programs provide full student loan forgiveness for past students of Le Cordon Bleu and each program can compensate you for student loan payments that you have already performed.

But, if you qualify for both programs I would recommend applying for the Closed School program because of how long it’s taking the Department of Education to process Borrower’s Defense applications.

Waiting over a year just to hear back from the DOE doesn’t seem like my idea of fun, and I think that Closed School Loan Discharges are being approved much more faster than BDAR applications, so I’d go with the Closed School program if given the option.

Eventually,  it’s really up to you! My recommendation is that you take a cautious look at the requirements for each program and select which one will work best for your particular conditions.

Will I Owe Taxes on Forgiven Debt?

Yes. Sadly, the IRS will weigh the amount of forgiven student loan debt as taxable income.

This is how that works:

Let’s assume that you have $75,000 forgiven. If your taxable income is 30%, then the IRS is going to say that you owe them $22,500 (30% of the $75,000 forgiven), but even worse, it’ll all be due in a separate lump-sum payment.

In other words, the IRS will require their money right away, even though your student loan servicer has been allowing you to make less, monthly payments toward the outstanding balance of what you owed.

For various people, this is going to build a huge problem, because if you’re already fighting with a less monthly payment to your loan servicer, then I believe it’s highly doubtful that you’ll be able to simply come up with the cash for a lump-sum payment to the IRS.

Because I’m well conscious of the difficulties the Student Loan Forgiveness and Taxable Income laws are going to effect for people, I’ve built an entirely new site called Forget Tax Debt which supports people eliminate their tax-related problems and debt.

If you are struggling with tax debt, then make sure to visit Forget Tax Debt, where you’ll discover articles and information on subjects like negotiating IRS Tax Debt Settlements, Filing & Paying IRS Back Taxes, applying for IRS Tax Debt Forgiveness, and enrolling in The IRS Fresh Start Program.

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