Why Are Student Loans for University of Phoenix Being Cancelled?

The FTC’s investigation into the University of Phoenix began in 2015. The agency found that a number of the school’s advertising to prospective students was deceptive, touting relationships and job opportunities with major companies during a way that falsely promised jobs with a degree from University of Phoenix.

Now, $141 million of the settlement agreement is about to be wont to cancel student debt for University of Phoenix students.

An FTC commissioner, Rohit Chopra, noted on Twitter that the “action against University of Phoenix student loan forgiveness and future actions against scam schools will set the stage for canceling more student debt and terminating bad-actor access to valuable government benefits.”

Unfortunately, while this is often a record settlement amount, it’s still a “drop within the bucket in terms of the entire amount of debt that these borrowers owe,” Seth Frotman, executive of the nonprofit advocacy group Student Borrower Protection Center, told NBC News. “I think what this case demonstrates is that the deep systemic problems that still exist within the student loan market and especially around predatory for-profit schools.

Indeed, in 2018, nearly 100,000 students were enrolled with University of Phoenix , a primarily online institution. At one point, the varsity had nearly 500,000 students enrolled, though critics said that this rapid climb sacrificed academic integrity and lowered the tutorial standard of the varsity , consistent with a Senate report.

The University of Phoenix maintains that the settlement agreement was over “a single advertisement campaign that ran from late 2012 to early 2014 and occurred under prior ownership.” The university maintains that it “acted appropriately,” but says the settlement agreement will allow the institution and its students to maneuver on.

“This settlement agreement will enable us to take care of specialise in our core mission of improving the lives of scholars through career-relevant education , and to avoid any longer distraction from serving students that would have resulted from protracted litigation, also because the time and expense of the litigation itself,” the university said during a statement.

How to Qualify for a University of Phoenix Student Loan Discharge, Forgiveness Benefit, or a Refund?
After the University of Phoenix is accused of illicit activities against the federal government and the students, the victims of the school have the chance of benefiting from their student loans.

What are the main requirements to get the University of Phoenix student loan discharge through Borrower Defense to Repayment? The primary requirement to qualify for Borrower Defense to Repayment is to prove that UOP misled and defrauded you.

You should prove that the university misrepresented its academic program, did take fraudulent actions, deceived you to get the federal aid student loan. Apart from your application, you need to support your claim with additional materials to make it easy to get the student loan forgiveness.

Fortunately, there is a big possibility to qualify for the University of Phoenix student loan discharge in 2020 & 2021. Till now, Borrower Defense was difficult to achieve because the Education Department was delaying the process or approached it with hesitance.

However, Joe Biden plans to return the Borrower Defense to its glorious days and now, there is a hope that more people will qualify. If you find out that you are eligible for the Borrower Defense to Repayment Discharge, you may apply to the program and get forgiveness for your student loans. If the committee approves your application, you may even get a refund for the amount you paid previously for your student loans.

Let’s now learn the application process and steps you need to take in 2021, to get forgiveness for your University of Phoenix student loans.

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 attention, then submit your application to get the student loan forgiveness.

Take into account all the fraudulent activities that you experienced. 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 2021 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. After you get the full information about the class action lawsuit and settlements against the University of Phoenix, now apply to the program, prove your claim, and get the University of Phoenix student loan forgiveness.

https://studentloansresolved.com/2019/02/09/university-phoenix-student-loan-forgiveness/