ATTORNEY GENERAL MADIGAN REACHES $493.7 MILLION SETTLEMENT WITH FOR-PROFIT EDUCATION COMPANY . If you are facing this type of issue as a student and search for solutions, you will encounter the terms like forgiveness discharge and cancellation. It means students who took a loan from federal or.
[email protected], Your email address will not be published. . As a result of this unlawful action, you have decided to take the student loan. You use all these points to qualify for the full discharge program. CEC is a Delaware corporation headquartered in Hoffman Estates, Illinois. What if loan programs lie to you as in, American Intercontinental University is a college that has campuses in different cities. Career Education Corporation to Forgo Collecting Loans, Will Change Practices in Agreement with Madigan & 48 AGs ... 2019, or whose final day of attendance at AIU or CTU occurred on or before Dec. 31, 2013. The best part of the class-action lawsuit against American Intercontinental University is that in the end, the parent company has admitted its fraud actions against students. Note that your aim should be demonstrating that the University has done illegal action to you personally. © 2018 THEMEMOUNTAIN. I want to know where's the justice. A for-profit university called American Intercontinental University will no longer collect student loans according to the lawsuit against the University. We have mentioned earlier that only Federal Student Loans will qualify for the student debt discharge program. However, the parent companies who were running those universities were continuing to operate and maintain their scam operation under different university names. Now all Federal Student Loans will be eligible to erase the student debt. If you encounter unknown university or college that is ensuring you about their bright future, do not believe them. They acknowledge that before enrolling students in their university, they claimed to give them insurance about students’ post-university careers. After applying for. What if there are other personal issues? Scammers are trying to get those students into their fraudulent acts. Evidence mainly should be about the statements that the university tell you about their past success and perspective. hide caption. BDRP is a Federal Student Loan Forgiveness Program which aims to help students who suffer from university scams and false statements. Our fee is limited to services of document and income tax preparation for you and for legal financial advice.We do not claim to represent any government agency. Students do not need to pay any debt if they qualify for the program. To apply for this particular program, students should give detailed information about their cases. According to the class-action lawsuit against American Intercontinental University, AIU has misled potential students. To solve this issue, students are trying to get loans and accommodate themselves. For instance, if a student is unable to pay their loans because of the lack of a job, their application would be student loan forgiveness. Career Education Corp. on Wednesday announced that it had settled a false claims lawsuit with private plaintiffs. About Borrower’s Defence Discharge Program, In 2019, BDAR remains the most effective program to eliminate. From our perspective, the lawsuit will play an essential role when you look at the more significant student loan crisis. , Student loan discharge, and consolidation programs. To see if you qualify for a loan forgiveness program, you need to check the type of your loan. For this type of cases, there are solutions like student loan forgiveness, Student loan discharge, and consolidation programs. American Intercontinental University - Class Action Lawsuit Review from Wildwood, Missouri Dec 10, 2019 @ Pissed Consumer It means approximately 180,000 students will not repay their loans. Thank you for your reading. Alongside with the evidence regarding the issue. They will try to follow the rules in order not to face these kinds of lawsuit problems. We recommend all students to apply for the, Borrower’s Defense Discharge (BDD) program. The people working in these agencies deal with student debt every day. AIU class-action lawsuit once again proved that it is not recommended to enroll in this type of fake colleges. According to the, In other words, you will erase your student loan if you take it from the Career Education Corporation. Bogus Celebrity Advertisements FACE & Skin CREAM Ripoff! The best part of the class-action lawsuit against American Intercontinental University is that in the end, the parent company has admitted its fraud actions against students. This college did some fraudulent acts, and that is why the Federal government starts a lawsuit. In addition, AIU reportedly resumed the same or similar quota system after the SAC probation was lifted. If it federally funded, then there is a high possibility that student will not get full loan forgiveness. However, that is not the case. These are all types of student loan forgiveness program that students used in the, If a student got hurt, got disabled, or whether it is a permanent or total disability that they can apply for a student loan discharge. According to a. The report will include the current employment rate of job, cost of the program, and average earnings of recent graduates. I was told my tuition was paid except for $500 dollars a quarter. You need to apply through an application which includes how the University lied to you and convinced you to take the loan even though you did not need that loan. In that case, you need to apply for student debt discharge. American Intercontinental University allegedly gave falsified information to their students to get them enrolled in their university.
“This settlement restores a measure of fairness by removing the financial burden of having to pay back loans for programs that may have failed to prepare them for employment, and it mandates substantial reforms to protect future students.”. Especially if you were having a hard time with a student loan repayment plan, you would erase all your debt. We want to mention that American Intercontinental University is not closing. AIU used falsified employment rates alongside with false reports regarding their past students’ salaries. program. January 3, 2019. The only way to qualify for this program is to convince the Department of Education about your student loan. Ripoff Report on: AIU-American Intercontinental University - Aiuamerican intercontinental university class action lawsuit schaumburg illinois Student Loan Interest Deduction: All You Need to Know, All About The Best Student Loan Refinancing Services, Student Loan Tax Deduction Opportunities for Borrowers, Great Lakes Federal Student Loan Servicer, Weighted Average Interest Rate Calculator, Navient Student Loan Forgiveness Programs. The lawsuit further alleges, AIU removed and placed documents in a locked filing cabinet, which contained any mention of enrollment quotes when the SAC visited AIU’s campus in 2007. 253 American Intercontinental University reviews. Leslie Gordon, checking to see if I am on the class action suit! ITT Tech Lawsuit Update: How to Benefit from Debt Relief Options? Our fee is limited to services of document and income tax preparation for you and for legal financial advice.We do not claim to represent any government agency. Keiser University Student Loan Forgiveness: Vatterott College Student Loan Forgiveness. The hopes and dreams of the students got faded alongside with their money. Let’s first elaborate on the American InterContinental University lawsuit and give background history of the events. According to a class-action lawsuit against American Intercontinental University, AIU has to provide several metrics to its potential students who are going to enroll in its classes. Lawsuit settlement has enforced American Intercontinental University to stop collecting loans it has offered to its students. Only Direct Student Loans will manage to qualify for the program. Most of the fraud actions were including false statements about the employment rate, average graduate incomes, effectiveness of their education program. From our perspective, the lawsuit will play an essential role when you look at the more significant student loan crisis. To get them back, they applied for the loan forgiveness program. Millions of students are waiting for application results of loan forgiveness program that are why this is a trending topic for them. But the University is starting to operate more transparently about the education it offers to its students. The University provided wrong information about the average salary of graduates, employment rates, and the value of their study programs. Under the settlement, Career Education — which operates American InterContinental University and Colorado Technical University — is to pay $5 million to cover state costs and won't collect on $493.7 million owed by qualifying students, according to a court document.