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December 12, 2020The situation for education has changed dramatically thanks to the coronavirus pandemic. Please visit our Student Loan Hero Coronavirus Information Center for more about how this crisis may impact student loans, other sorts of aid , and more. Colorado residents don’t just enjoy clean air, exciting winter sports and therefore the beautiful scenery of the Rockies year-round. They also boast a number of rock bottom student loan debt averages within the nation. consistent with a 2019 report from the Institute for school Access and Success, Coloradoans with a bachelor’s degree hold a mean student debt load of $24,888 — but the national average of $29,900.
But even Colorado graduates may have a hand with their student loans. Colorado student loan forgiveness programs exist for those seeking help, so read on to ascertain a number of the scholar loan repayment assistance programs you would possibly qualify for. As is that the case with most U.S. states, student loan forgiveness in Colorado is tied to the type of labor you are doing . Health practitioners will get the foremost help, though there are options for other grads also .
Qualified professionals include not only physicians (both allopathic and osteopathic), but also clinical pharmacists, dentists, registered dental hygienists, licensed clinical or counseling psychologists, licensed clinical social workers, licensed professional counselors, licensed marriage and family therapists, nurse practitioners, certified nurse-midwives, physician assistants, psychiatric nurse specialists and licensed addiction counselors and authorized addiction counselors.
Founded in 1965, Colorado Technical University includes undergraduate, graduate and doctoral programs. It mainly specializes in business, technology, and management spheres where one can get many degree programs entirely online. The university has two campuses; in Colorado and Aurora. Just a few years ago, the university looked very promising. The Colorado Technical University class action lawsuit seemed irrelevant. They even ranked in the first place for degree programs for Vets, according to Military Times Magazine, in 2013,2014 and 2016. However, things started to change fastly in the beginning of 2018. Their misrepresentation caused the organization $500 million through canceling student loans.
Hence, if you are also a victim that Colorado Technical University Lawsuit claims, you can get your student loans written off. For this aim, you also need to fit some other eligibility criteria which we will discuss in the later section. If you have less information and expertise in the forgiveness program, Student Loans Resolved is also here to guide you. We ensure the smooth process to cancel your loans; however, we also advise you to be careful next time before taking loans.
Beginning of Colorado Technical University class action lawsuit
As we mentioned before, Colorado Technical University is the subsidiary of Career Education Corporation. CEC is a for-profit provider of higher education. Its most famous two brands are CTU and American Intercontinental University. They serve up to 34000 students in general.State Attorneys General started the investigation in 2014. They claimed that Career Education Corporation misrepresented its perspectives. In turn, the Career Education refused all claims and assert that they provide quality education. Their alleged main target is closing the gap between student skills and the requirements of employers. However, the Colorado Technical University class action lawsuit is not about the quality of education. It is about the promotion methods that the university uses to attract potential students.
There are many reasons why CEC faced a class-action lawsuit. In general, they deceived the students about their credibility. First, these universities misinformed potential students about the rate of job placement and the real cost of getting a degree. Their primary strategy was informing students about the cost per credit hour. Class action lawsuit adds that the corporation made the admission representatives mislead students intentionally. Those representatives claimed that students would be able to transfer some credits. However, they could not. Besides, their deceptive practices also include emotionally pressuring students to enroll. Those students falsely believed that their program is very capable of getting them a well-paid employment opportunity. But many of them lacked sufficient accreditation. In general, the university created an incorrect perception of the benefits of the programs, according to CTU online lawsuit.
