Million In Student Loans To Be Forgiven

The University of Phoenix — a for-profit college chain that has been under scrutiny for years — has reached a landmark settlement agreement with the Federal Trade Commission (FTC) following accusations of unfair and deceptive practices which will end in widespread student loan forgiveness.

The FTC accused the University of Phoenix of using deceptive ads about job opportunities to draw in students, then failing to measure up to its promises once the scholars graduated. The FTC accused the university of “giving the misunderstanding that [the university] worked with [well-known national] companies to make job opportunities for its students and tailor its curriculum for such jobs.”

Too often, students would graduate from the University of Phoenix with dismal career prospects, minimal ongoing support, and tons of student loan debt that would be impossible to repay. The University allegedly specifically targeted people of color and military veterans.

In the settlement agreement reached with the FTC, the University of Phoenix can pay $191 million, of which $141 million are going to be wont to forgive some student loans surely borrowers who attended the university. Specifically, borrowers eligible for student loan forgiveness are those that enrolled within the University of Phoenix between October 1, 2012 and New Year’s Eve , 2016.

To apply for student loan forgiveness through Borrower Defense to Repayment, you need to fill out the application form. You can upload the additional materials to strengthen your claim. In the online application form, you should fill out the personal information, your enrollment dates at the University of Phoenix and your signature. Read the given instructions with attentional, then submit your application to get the student loan forgiveness.

Take into account all fraudulent activities that the University of Phoenix is being accused of. Use them in your Borrower Defense claim as the arguments to get the University of Phoenix student loan forgiveness and maybe even a refund for the amount you paid previously.

Keep in mind that while your application is being reviewed, you do not need to stop paying your student loan debts. It may take a year to get a notification from the Education Department. Not paying your debts is also wrong because you will go for the Borrower Defense process, it may weaken your claim and put your eligibility under question.
In conclusion, receiving student loan forgiveness is possible considering all situations with the University of Phoenix lawsuit and student loan crisis.

Luckily, you have the chance to get a forgiveness benefit and a refund as well. Federal student loan forgiveness programs such as Borrower Defense to Repayment allows the borrowers to eliminate their student loans. You can follow our guide to learn about the eligibility requirements and application process in 2019 to get forgiveness for your student loans.

The primary reason for making you eligible for this discharge is the fraudulent activities that the University of Phoenix performed against you. As the University of Phoenix violated the state laws, encouraged students to get false student aid, misled and defrauded the students, it received a settlement from FTC. After you get the full information about the class action lawsuit and settlements against the University of Phoenix, now apply to the program, make your claim, and get the University of Phoenix student loan forgiveness.

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