Brown Mackie Collins College Cortiva Institute - All Arizona Locations. Therefore, if your college closed down before you get the chance to finish your education, you may be eligible for this discharge program. What that means is that you need to have a Federal loan under the Federal Direct Loans Program, Federal Family Education Loans Program (FEEL Loans) or Federal Perkins Loans Program to be eligible for the Closed School Discharge Program. How can the Federal Student Loan people see if a student has transferred credits or has been offered a teach out or eventually finished their program of study? Also, the school I graduated from school closed down. Called a “Closed School Discharge”, this program allows you to wipe out student loan debt from a school that shut down before you were able to finish their program. As an example, if you’re from Texas, you’d search the phrase “Texas Postsecondary Education Agency”, and you’d get results with their website, phone numbers, email addresses, etc. I’d try pursuing the Borrower’s Defense Discharge. Anthem/Bryman/High Tech. Contact whoever services your loans. What you read elsewhere is true – you can’t discharge a loan if you are going to transfer the credits and apply them at another school, so you basically have to pick either getting rid of the loan and sacrificing the credit, or transferring the credit and keeping the debt. Or you could try for a Borrower’s Defense to Repayment Discharge, which will also cancel your loans if it’s approved, but again, take away your credits. You would need to access the application on the student aid website and contact your loan servicer. If you feel you have been defrauded by High Tech Institute or were unable to complete your educational program because they closed their doors, you may qualify for High Tech Institute loan forgiveness under the Borrowers Defense Against Repayment Discharge, or other repayment options. My school (Argosy University) recently closed, and a teach-out to another crappy online program was provided. Note that the link above is to the official Federal Government application form, which you can fill out and then submit to whoever services your loans. My cosmetology school closed and offered us to move to one of their other campuses with the rest of our remaining hours being scholarshiped out… only to have all locations close a few months later. Ooooh, this is tricky. Finally, thanks for visiting, and please check back soon for further updates. There have been several institutions and colleges in the news or being sued for misleading and defrauding students. This guide will help you determine what you need to do for High Tech Institute loan forgiveness, and how it works. First, things got interesting when the Corinthian Colleges system (Heald, Everest and Wyotech) collapsed in 2015, then the heat really ramped up when mega-schools ITT Tech and Westwood College closed in 2016. This plan bases your monthly payment on 10 or 15% of your discretionary income and is recalculated every year according to income and family size. ITT Tech's high tuition meant that many students needed a loan, with the school steering them to Peaks. If you fall under any of the following categories, then you will not be eligible for a Closed School Discharge: Basically – the program was created for people who ended up screwed when their school shut down, with no way of continuing the program they’d racked up student loan debt to pay for. i’m at a loss here. Another Argosy student here…. Approval of any application for loan discharge is determined by the Department of Education, your loan servicer, and/or their agents. My question is: How do they know? Student loans for ITT Technical Institute may be dischargeable if you meet certain requirements. I am not interested in attempting to transfer any credits, as I had already looked into that 10 years ago when I originally withdrew, and I couldn’t even transfer my AINYC credits to AI Philadelphia! High Tech Institute acquired Chubb Institute (part of Anthem Education Group) in 2004. You might have a shot at a BDAR Discharge! I had 10 classes to go and I’m kind of bummed… but I also believe that things happen for a reason. I have not heard anything from the school. If you need Help with Federal Student Loans, be sure check out my Guides on: And if you’ve got private student loans, the bad news is that there is far less assistance available than you’d have access to with Federal debt, but there still are SOME programs that MAY be able to help. No matter when your school shut down, no matter how long it’s been, you can still apply for the discharge, as long as you haven’t already transferred your credits elsewhere. everything’s great until they inform me that my discharge might be reversed if i enroll into a similar degree. Payments are recalculated every year, and after 20 0r 25 years, your loan balance will be forgiven. I’m in the last two terms of my BSN (now under Purdue global) can I apply for forgiveness as well? ), your credit is likely to be impacted. Once again, we have expert student loan debt specialists that can help you with questions regarding the strategies you wish to use or help with your BDAR claim. The specific requirements of the Closed School program state that you must not have completed all of your courses required for graduation, and that you must have either still been attending the school at the time it shut down, or within 120 days of the official closure date. They were located in 14 different states and belonged to a network of schools under the Anthem Education Group brand. Sabrena. Even with this merger and the promises of expanded educational programs Anthem Education Group filed bankruptcy and closed its doors in 2014. Everest College - On-ground/On-line. Once you’ve received the application paperwork from your loan servicer, fill it out completely, then submit it via whatever means they allow (some loan servicers allow Internet-based applications, while others will need them faxed, or sent via snail mail). Because you’re going to get a refund for any and all payments you made previously on your eligible student loan debt, either voluntarily or through forced collection processes (like wage garnishments, etc. In this case, you can apply for False Certification Discharge. The choice is up to you, and depends entirely on your unique educational and financial situation. This option is only a possibility if your school closes. Email it to them, post a link to the site on Facebook, Twitter, Tumblr, or Reddit. Debt Strategists is a private company and does not claim to be affiliated with any Federal, State, or Local Government agencies. As you will not be approved for a discharge until you’ve received the official paperwork, any payments you miss after applying (but before receiving approval) could lead to financial problems. Below you’ll find some of the most common questions regarding the Closed School Discharge program. The department of education warns about paying any company for student loan help. This can be submitted on www.studentloans.gov. I was on an official LOA, but it was several years ago. Four years later they changed the name to Anthem Institute. Making false claims about the ability for students to transfer credits earned to other institutions, Misleading students about the quality of their educational programs, Misleading students by stating they would be placed in an externship program, Falsely telling prospective students that certain programs would allow them to take a national certification test, Correspondence that you had with school officials and/or administration, Any promotional materials provided by the school. Bdar Hotline to see what they think: 1-855-279-6207 for loan discharge say i owe little. On Facebook, Twitter, Tumblr, or they falsely certified eligibility for the loans come here finish! 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