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Westwood College student loan forgiveness advantages are generally ready in 2018, because of two principal purposes: the first one is the Closed School Student Loan Discharge Program, which makes you qualify for full forgiveness if you were still entered as a student approximately the time that the college shut down, and second, the Borrower’s Defense to Repayment Program, which allows you defy the legal validity of your loans.
If you’re trying to pay back your student loans, then you are in a right place, because I’m going to explain to you what you must do to qualify for a Westwood College student loan forgiveness.
Before you read into all the features regarding how the Westwood College student loan forgiveness program operates, I’d like to give you a much faster short-cut: you can save yourself hours of analysis and tons of stress by merely calling the Student Loan Resolved right now instead.
These days, there are tons of Student Loan Forgiveness Scams making the rounds, but you can trust the Helpline, as they’re the just completely accredited debt resolution company that handles each Private and Federal student loans.
The Helpline can find out which Private Student Loan Forgiveness Programs or Federal Loan Forgiveness you qualify for, provide you the features on what’s needed to reach those benefits, and assist you to fill out the required paperwork and applications (for a fee) in just a few minutes.
The first call to the Helpline is free, and you’ll only be charged if you allow to let them handle the paperwork part of the process for you, so you’ve got zero to lose but a few minutes of your time.
You will get rid of student loans taken out to attend a school that did something forbidden, like violating a state law or fraudulently misrepresenting their services, or doing something other that they shouldn’t have done with The Borrower’s Defense to Repayment Program.
It’s well-known that Westwood College disrupted all kinds of laws, as well as applying “deceptive business practices” to assure students to sign up for their higher education programs, so it shouldn’t be hard to get your Borrower’s Defense to Repayment Application approved, as long as you fill out the paperwork accurately.
And thousands of Westwood College students have been successful discharging their exceptional loans using Borrower’s Defense to Repayment, so there’s an example in place which you can take benefit of by filing your own case, and accusing the school of defrauding you with inaccurate advertising and wrong claims.
The best plan to make it clear that you think you were defrauded by Westwood is to link your request to one of the very obvious, very public statements of guilt which Westwood has made. Like the $4.5 million dollar agreement, they reached with the Colorado Attorney General for “deceptive business practices”.
And the good news regarding to this whole process is that if you can fill out your Borrower’s Defense application accurately, and if the Department of Education remains to treat them correctly (Betsy DeVos is trying to prevent that), then you’ll qualify for a full and total discharge of not just the money you still owe Westwood, but including a refund of any money you’ve previously paid them!
You have to perform it completely clear that you’re accusing Westwood College of doing something forbidden which straight caused you to take loans out to attend their school when you file a Borrower’s Defense Application.
Your application must make it completely clear to the Department of Education employee that examines it that you would not have borrowed the cash to attend the school if you hadn’t encountered their fraudulent action, as that was the single reason for your choice to enroll in their courses.
Your request will have to state sharply that the school lied to you on something, or tricked you on something, or made a wrong agreement about something, and that it was these tricks, lies or fake promises which assured you that it was a good idea to borrow money to fund for their higher education courses.
The good thing about Westwood is that it’s really simple to show that they did something illegal to you, since they ended with the Colorado Attorney General, and essentially declared their guilt in breaking the Consumer Protection Act by misleading promised students, joining in deceptive advertising practices, and were unable to comply with the state of Colorado’s consumer lending laws.
The most significant part of the Borrower’s Defense to Repayment application is being able to look to some particular activity that the school did to defraud you, so if you can write concerning some case the enrollment advisers made, or talk about some advertisement that you noticed which was patently false, then you will be able to present the evidence the Department of Education requires to manage in your advantage and discharge your loans.
Read through the sections here to find out about the sorts of particular things Westwood did to defraud potential students. If any of these apply to you straight, then you can use them as the bases that your own Westwood loans should be discharged.
In an Arrangement with the State of Colorado, Westwood was accused of (and admitted to) committing all kinds of illegal activity, like failing to be “fair about their the costs of their degrees and track records,” which is a big deal.
This essentially considers for fake advertising, or making incorrect claims, but you can’t just write that Westwood “committed fake advertising” in your Borrower’s Defense application, because you need to show some particular action that the school did, and which they did to you, like the fact that they lied to you regarding job placement rates or the complete cost of their degree programs.
Below you’ll see a list of all the various elements that the Colorado lawsuit accused Westwood of making, and if you underwent any of these activities firsthand, then you can use them to qualify for discharge by including them in your Borrower’s Defense application.
Here’s a full list of the things Westwood was accused of making, as reported in the conclusions of the $4.5 million dollar settlement with the state of Colorado.
If you underwent any of this unconstitutional activity, and the activity was what made you choose to take a loan out to attend Westwood, then you can utilize this as the cause your loan should be discharged.
Your Borrower’s Defense to Repayment Application is a constitutional document. It means that you have to speak the truth regarding what you experienced, and you can’t just say that Westwood did any of this stuff to you if you didn’t really experience it, or insist that you took your loans out due to these actions if that isn’t the exact fact.
But, if you did experience certain actions, and they are the main cause why you assumed it was a reliable idea to borrow money to attend Westwood, then you want to add the extra elements to your claims. For example:
If you decide to use the case that Westwood lied on the number of graduates who got job in their particular areas of study, then you can spice up your application by telling that you found out that Westwood added graduates who had any job position at all as counting towards graduates who got a job in their preferred field.
The other thing that Westwood apparently did, which you can’t surely use for your Borrower’s Defense application, but which I need to point out so that you realize just how poor this school was. They were paying more money to the admissions representatives for bringing in more enrollments. So by saying that, now, you don’t have to feel bad about demanding that your loans for their services get wiped out.
It may not seem like such a bad thing, while, these kinds of bonuses and pay raises for signing up extra students supported their admissions reps to do all sorts of terrible stuff like a lie to potential students, misrepresent the school’s costs, make false promises, etc.
And since nobody was monitoring that action, and was actually supporting it instead of marking it out, things got uncontrollably out of charge, which is why anyone who attended Westwood should sincerely think to get their loans discharged by a Borrower’s Defense claim.
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.
You need to register your Borrower’s Defense Claim at the official website for the Borrower’s Defense to Repayment Program, which is managed by the United States Government. You can enter here: https://borrowerdischarge.ed.gov/FormWizard/BDU/BDULanding.aspx.
Do NOT file a Borrower’s Defense Claim with ANYONE ELSE, including any kind of debt analysis service who insists they’ll take care of it all for you, because that could be a scammer trying to fool you into giving all your sensitive information to them so they can take money or steal your identification.
I stated this earlier, but the Student Loan Resolved is the only company I trust to actually assist their callers, and they’re the only accredited debt analysis company that deals with both Private and Federal loans.
Sadly, that’s the worst section of the Borrower’s Defense process, because it’s been taking over a year for some of my readers to catch back from the Department of Education on the status of their request.
Plus, Betsy DeVos, the current Secretary of Education, is trying to kill off the Borrower’s Defense program so that she can defend her evil buddies at the Student Loan Servicing Companies and For-Profit Colleges making a killing on all this outstanding fraudulent debt, but so far, she hasn’t succeeded to do that.
Get your application in now, so that if the program is killed off, you’ll have a possibility of being grandfathered into it, and will still get the Westwood College Student Loan Forgiveness you earn.
If you don’t believe you were defrauded, or don’t want to use the Borrower’s Defense to Repayment Program to get cleared of your Westwood loans, then the good news is that you’ve got a different possible path to forgiveness.
The Closed School Loan Discharge Program was formed to support students who weren’t able to complete their degree programs due to the school they were attending shut down before they finished graduation conditions, and it refers to any Westwood students who were either still actively employed when Westwood shut its doors, or who withdrew from the school no more than 120 days before they closed.
If you’re positive that you were attending Westwood at the time they closed down, or that you were entered 120 days before the closure, then you’ve got a chance at a discharge, but those aren’t the only forms you need to match to qualify.
You will have to make sure that you are NOT attending some other related educational program at different school, after becoming transferred your Westwood credits there, and you can’t have finished all the needed coursework for your Westwood College Student Loan Forgiveness program, but simply hadn’t got the official diploma by the time the school closed.
Considering you meet those requirements, then you’ve got a good shot at getting the whole balance of your Westwood loans forgiven.
Quite like Borrower’s Defense, the Closed School Loan Discharge Program has an official Application that you’ll need to fill out, then present to your loan servicer, in order to get your loans forgiven.
To download the Government’s official Closed School Loan Discharge Application, go here: https://studentaid.ed.gov/sa/sites/default/files/closed-school-loan-discharge-form.pdf.
Once you’ve completed the Application, you must turn it into whoever services your loans, and then you’ll have to follow whatever method they have in place to seal the deal and get your loan forgiven.
All servicing company is going to have a somewhat different method that you must perform, so the only way to find out what’s needed is to contact your loan servicer ask them what all they require.
It sort of depends on your situation.
Both programs support by offering reimbursements, as well as getting rid of your outstanding loans, so there’s really no significant financial separation among the two benefits.
But, I would presumably pursue the Closed School Loan Discharge before doing Borrower’s Defense, the only reason is Borrower’s Defense applications are taking so long to get processed, and I believe Closed School Discharges are way simpler to get processed and approved.
Sadly, yes, because the IRS never lets anything slide, and their rules for Westwood College Student Loan Forgiveness and Taxes demand that you report any forgiven debt as taxable income.
That’s a big deal too because it implies that your tax bill will be way higher than usual during the year that you get loan forgiveness. It’ll mean that rather than paying off your loans in small monthly payments, you’re going to require to make one big payment to the IRS.
I talk about all the aspects of how this taxable income thing operates on my page regarding Westwood College Student Loan Forgiveness and Taxable Income Laws here, but the basis is that you’re going to be paying income taxes on however much money is forgiven.
If you pay 30% income taxes, and you have $10,000 in loans forgiven, then you’ll owe the IRS $3,000. If you pay 30% income taxes, and you have $100,000 in loans forgiven, then you’d owe the IRS $30,000, and remember, this is all due at once.
I’m worried that those crazy rules for forgiveness and taxable income are going to kill millions of Americans financial lives, which is the reason that I’ve set up a new website called Forget Tax Debt, where I give people advice on getting rid of their outstanding IRS tax debt.
If you’ve got tax difficulties, and need advice figuring out doing stuff like Paying IRS Back Taxes, Settling your Debt with the IRS, registering for the IRS Fresh Start Program, or using for IRS Loan Forgiveness, then you have to visit Forget Tax Debt today!
The best place to go for assistance with Borrower’s Defense to Repayment Discharges and Closed School Loan Discharges is the official US Government website: https://studentaid.ed.gov.
You can find details regarding Borrower’s Defense here: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/borrower-defense
And you can find features about Closed School Loan Discharges here: https://studentaid.ed.gov/sa/about/announcements/closed-school#meaning-of-discharge.
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