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  • Did you attend any of these schools? You may qualify for student loan forgiveness – Queen City News

Did you attend any of these schools? You may qualify for student loan forgiveness – Queen City News

By on July 10, 2022 0

(NEXSTAR) — As Americans await a decision from the Biden administration on widespread student loan forgiveness, some have already been able to have some or all of their debt forgiven. Of those, about 690,000 borrowers saw $7.9 billion in federal student loans forgiven after attending schools that defrauded them.

Federal borrowers who were misled by their school or who attended a school that was at fault may qualify for the Borrower’s Defense of Loan Repayment, otherwise known as the Borrower’s Defense. . According to the Department of Education, this means that some or all of your federal student loans would be forgiven.

While any borrower who feels they have met the criteria for forgiveness, the Department of Education has already approved loan discharges for those who attended certain schools.

The Department of Education’s most recent borrower defense discharge canceled $5.8 billion in loans for 560,000 borrowers who had attended Corinthian Colleges. All former students who attended a campus owned or operated by Corinthian Colleges Inc. from the company’s inception in 1995 until its closure in 2015 are included in the pardon.

Affected borrowers will receive a letter from the Department of Education, if they have not already done so, with loan releases expected in the coming months. If you are included in this group release, you will not have to do anything to receive relief. Corinthian has faced numerous investigations and lawsuits for defrauding millions of students out of federally guaranteed loans.

As of April, about 28,000 alumni of Marinello beauty schools had federal student loans in the amount of $238 million discharged by the Department of Education. Students who attended Marinello between 2009 and its closure in 2016 are included because, during those seven years, the school engaged in “widespread and widespread misconduct.” According to the Department of Education, Marinello students struggled to pass state licensing tests. Class-action lawsuits have already been filed against Marinello in Nevada and California, accusing the school of using salons as profit centers and students as unpaid workers.

About 1,800 borrowers who attended DeVry University are expected to receive more than $71 million in loan release. In February, the Department of Education revealed that an investigation found that between 2008 and 2015, DeVry misled prospective students with a national ad campaign claiming that 90% of graduates got jobs in their field of study. studies within six months of graduation. The actual number was around 58%.

Former Westwood College students who attended between 2002 and its 2015 closure — about 1,200 borrowers — will see $53.1 million in federal student loans discharged. Like DeVry, the Department of Education found that Westwood had “grossly inflated” its job placement rate and failed to deliver on its promise that if a graduate did not find a job within six months of graduation his diploma, he would receive help to pay his bills.

In total, the Department of Education approved approximately 4,100 claims for $130 million in loan release for students who attended Westwood. Other reviews of the school found that it misrepresented students’ ability to transfer credit and that students in Illinois’ criminal justice program would be able to find jobs as police officers.

Borrowers who completed Minnesota School of Business and Globe University criminal justice programs were also approved for Borrower Defense releases. After a Minnesota judge found the two schools misled students because the programs lacked certifications and accreditation for graduates to become police, parole or probation officers in the state , the Department of Education approved about $3 million in loan discharges for 270 students. Another 921 students received more than $23 million in aid in January.

From July 2007 until it closed in 2016, the Education Department said the ITT Technical Institute also misled prospective students about the school’s nursing program, which lacked accreditation. necessary for students to later obtain employment in nursing. ITT had previously been found to have lied about job prospects and ability to transfer credit, and made false claims about employment to California students. In total, approximately $660 million in federal loans were discharged for 23,000 people who had completed ITT’s nursing program.

If you think your school misled you or committed misconduct, you can file a Borrower’s Defense online with the federal office of student aid. The Borrower’s Defense Release will apply only to direct loans you have received, and not to any other federal government loans or private loans.

Last month, the Biden administration agreed in a lawsuit to write off about $6 billion for 264,000 borrowers who claim they were defrauded by their college and their requests for relief from the Department of Education. have been delayed for years. The proposed deal still needs to be approved by a judge before debt relief can take place. Of these members, around 200,000 attended certain schools which the Ministry of Education believes may have been at fault.

Alex Gangitano contributed to this report.