On December 2018 the Department of Education decided to forgive $150,000,000 towards Borrower’s Defense. Half of the budget will be spent on repayment of Corinthian College loans. Since Everest College is one of those Corinthian Colleges, the students who have taken out student loans to study at this college can also be eligible for a complete Everest College Lawsuits Forgiveness. Former students who have filed in their Borrower’s Defense application can get a notification within a few months. If you have not applied for the forgiveness program yet, you are recommended to do so as soon as possible. If you meet all the requirements, you are most likely to get the Everest College Lawsuits Forgiveness. You can either apply for the Everest College Forgiveness program within the Borrower’s Defense to Repayment or directly apply for the Closed School Discharge program.
In 2015 Corinthian College went on bankruptcy, so did the Everest College which was operating under the former’s parenthood. In the same year, Everest College shut its doors and left many students in debt. After the closure, the colleges faced a detailed investigation, and the state found them guilty in committing illegal activities such as misrepresenting the number of students who got employment after graduation. Moreover, while the research, they found out that the colleges had put high pressure on low-income students to take out loans to study at one of these colleges. As a penalty, the State of California required them to pay $1.1 billion as a result of the Everest College Lawsuits. It means that the colleges got accused and found guilty.
The Everest College Lawsuits still let you go debt-free by applying for the Borrower’s Defense to Repayment program. If you are still in debt and owing money to the Everest College, pay closer attention to what is said below.
The Everest Loan Forgiveness via Borrower’s Defense Against Repayment Program
The Federal Government created this program to defend the students who got deceived by the colleges which were involved in illegal activities. If you have been a student of one of those universities which convinced their students to take out a loan and pursue a program at their institution by promising opportunities that never come true, you can be eligible for the Everest College Loan Forgiveness via Borrower’s Defense Against Repayment Program. It might sound too easy to be real, but there is no need to worry about the reliability of this program.
Since the government found the Everest university guilty, it is now more than easy to get your The Everest College Loan Forgiveness as long as you follow the right track. The primary factor about a successful application is that you must be able to prove the link between the Everest College Lawsuits and your case. To do so, you need to claim that the college convinced you to take out a student loan and exaggerated their services and the perspectives of the programs offered by their college. You must emphasize that if they had not committed such an illegal action to deceive you, you would have never gone under such a significant debt. You should also file all the facts and figures that you own against the college along with your application form to achieve Loan Forgiveness.
Everest College Loan Forgiveness Application
While filing the claim, the most common mistake by students is not personalizing the fraud by the college. If you only focus on the reasons why the government found the college guilty and charged it, you cannot be successful. You can mention it, but your main emphasis must be on your personal case and their fraud directly to you, not anybody other. You need to convince the court that you had never had any intention to take out the loan before the Everest College lied to you by promising a bright career after your graduation or any other misrepresenting that the college did to you deliberately. The best thing to do is thinking back. Carefully think about what happened in the past or how your communication started with the college. How did they reach you out? Through what? Collect all the facts and present along with your application.
Where to File Loan Forgiveness Application
Once you make sure that you can prove that the college has defrauded you and decide to apply for the Everest College Loan Forgiveness program, you need to go directly to the official website created for this purpose. Do not trust any other person or a site, except the official one created by the federal government. Many scammers can make your case even worse by leaving you in a desperate situation.
Fraudulent Marketing Strategy by the Everest College
The Corinthian Colleges, including the Everest College, as well are accused of three main illegal activities. Firstly, they have exaggerated the number of students who achieved to get a job in their field after graduation. To attract more and more students to their college, they falsified the figures showing that 100% of their graduates were employed upon completion of their study at Everest College. Not surprisingly, they also overvalued the programs offered by the Everest College, claiming that by taking the programs students could pass the licensure exams easily. They also indicated a 100% success rate at the licensure exams. Of course, it was also a lie. Finally, they put high pressure on low-income students to take out a loan to pay for the Everest College programs.
One of the few disadvantages of this forgiveness program is that the processing time can take you months, if not years. Most of the applicants can only hear back after a year or so on average. However, the waiting time should not dishearten you since if you become successful, you can even get a refund for the amount you have already paid towards your student loan. If you have not filed your claim yet, do it as soon as possible. If you do so, they will be obliged to consider your application even in case the program gets canceled.
The Closed School Discharge Program
Besides from the Everest College Lawsuits Forgiveness Program, there is also another alternative which can let you eliminate your student loan. The Closed School Discharge Program allows loan takers who were once enrolled to the Everest College but could not graduate before the school closed.
The Requirements for the Closed School Discharge Program
The requirements are quite simple and straightforward. The program is for people who were studying at the Everest College, but the school closed its doors to them before they graduated or who left the school not earlier than 120 days before the school closed.
How to Apply?
If you have decided to go for this option, then you need to fill in the official application form. The next step is sending it to your loan servicer whose responsibilities include informing you on the following actions necessary to be taken.
Which Program fits the best?
In case you cannot make your mind on which program to apply for, we would recommend you to choose the Closed School Discharge Program as it takes less time until the answer comes out. The longer the processing period takes, the more money you pay towards your student loan until the forgiveness appears. Considering all these factors and The Everest College Lawsuits, if you are eligible for both of the programs, it is better to go for the later one.