University Of Phoenix: Student Loan Forgiveness Explained

The University of Phoenix is a for-profit school that has faced criticism and legal battles for its use of deceptive advertising to attract students. As a result, former students of the university who took out federal loans may be eligible for loan forgiveness or discharge. The U.S. Department of Education has approved federal student loan forgiveness for those who attended the university between September 21, 2012, and December 31, 2014, and were deceived by the school's job placement claims. The Federal Trade Commission (FTC) reached a $191 million settlement with the university, which includes direct payments to students and loan cancellation for eligible students. Students seeking relief must submit a valid application for borrower defence and can check their status on the borrower defence page.

University of Phoenix student loan forgiveness eligibility

The University of Phoenix has been accused of committing several fraudulent marketing and business activities, including violating State and Federal laws. The Federal Trade Commission (FTC) charged the university with using deceptive advertising practices to attract students. The Department of Education (ED) has approved full federal student loan forgiveness for some University of Phoenix students.

Eligibility criteria:

• If you attended the school between September 21, 2012, and December 31, 2014, were deceived by the school's claims, and submitted a valid application for relief through ED's Borrower Defense program, you may be eligible for loan forgiveness.
• The ED's decision is based on the FTC's 2019 court action against the University of Phoenix for using deceptive advertising practices to enrol students.
• The Department of Education states on its website that, under particular circumstances, it is ready to forgive or cancel student loans. Those circumstances may include the closure of the university or fraudulent actions by the university.
• To acquire the University of Phoenix loan discharge, students need to prove that the school committed fraudulent acts against them.
• In cases where the school is falsely certified, there is a chance for loan discharge. However, some students think that the eligibility criteria and the harshness of the whole process may discourage students from getting their loans discharged.
• The University of Phoenix loan forgiveness program can be applied for via an online portal, regular mail, or email.
• Federal student loans are eligible for discharges under the Borrower's Defense to Repayment Program.
• Loans directly owed to the University of Phoenix are eligible for forgiveness benefits.

University of Phoenix closed school loan discharge

The University of Phoenix is a for-profit school that has faced scrutiny and lawsuits for its use of deceptive advertising to attract students. The university has been accused of falsely claiming to work with major companies to create job opportunities for its students and tailoring its curriculum to meet the job needs of these companies.

In 2019, the Federal Trade Commission (FTC) reached a $191 million settlement with the University of Phoenix to resolve allegations of deceptive advertising. As a result, the Department of Education (ED) announced that it would approve federal student loan forgiveness for students who attended the University of Phoenix between September 21, 2012, and December 31, 2014, and were deceived by the school's claims. This decision was based on the FTC's court action against the university.

To be eligible for loan forgiveness under this program, students must have submitted a valid application for relief through ED's Borrower Defense program. The ED will notify applicants if their claim has been approved, and they can also check the status of their application on the borrower defense page. It's important to note that this program only applies to federal student loans and not private loans.

Now, let's discuss the specific case of "closed school loan discharge" for the University of Phoenix. Closed school discharge is a program that allows students to discharge their federal loans if they were attending a school that closed while they were still enrolled. In the case of the University of Phoenix, there hasn't been any recent information about the university closing. Therefore, the closed school loan discharge program would not apply in this situation. However, if the University of Phoenix were to close in the future, students enrolled at the time of closure may be eligible for this type of loan discharge.

University of Phoenix and the Borrower's Defense law

The University of Phoenix, a for-profit institution that closed in 2015, has been at the centre of ongoing legal battles and criticism. The Federal Trade Commission (FTC) charged the university with using deceptive advertising to attract prospective students. The University of Phoenix was accused of falsely claiming to work with employers such as Microsoft, Twitter, Adobe, and Yahoo to create job opportunities for its students and tailor its curriculum to the job needs of these companies.

The Department of Education (ED) has approved federal student loan forgiveness for people who attended the University of Phoenix, were deceived by the school's job placement claims, and submitted a valid application for borrower defence. The ED's decision is based on the FTC's 2019 court action against the University of Phoenix. The FTC's investigation found that the University of Phoenix's national ad campaign misled prospective students by falsely representing that its partnerships with corporations, including Fortune 500 companies, would benefit students by giving them hiring preferences at those companies.

The Borrowers Defence to Repayment (BDAR) is an option for students to have their loans discharged. The BDAR requires students to show that the University of Phoenix made fraudulent claims. Students will need to fill out a BDAR application, which is available through the Department of Education. To be eligible for BDAR loan forgiveness, students must have federal student loans and be able to prove that the University of Phoenix misled them during their enrollment or violated state law related to their federal loan.

The University of Phoenix has agreed to pay back $191 million to students. The FTC is sending a total of $50 million in payments to eligible students, with an average payout of $337. Additionally, the Department of Education has approved nearly $37 million in borrower defence discharges for over 1,200 students who enrolled at the University of Phoenix between September 21, 2012, and December 31, 2014, and applied for relief.

University of Phoenix student loan forgiveness application process

The University of Phoenix is a for-profit institution that closed in 2015. Students of this institution may be eligible for loan forgiveness under certain federal programs and a recent lawsuit. These options are available to borrowers who were deceived or defrauded by the university.

Check Your Eligibility:

Before starting the application process, it is important to determine if you are eligible for loan forgiveness. To be eligible, you must meet the following criteria:

• You attended the University of Phoenix between September 21, 2012, and December 31, 2014 (as per the Department of Education's announcement), or between October 15, 2012, and December 31, 2016 (as per the FTC settlement).
• You were deceived by the school's claims, specifically regarding job placement and partnerships with employers.
• You have not had your student loan debt canceled by the University of Phoenix.
• You enrolled in an associate's, bachelor's, or master's program at the University of Phoenix.
• You paid more than $5,000 to the University of Phoenix.
• You did not object to having your information sent to the FTC by the University of Phoenix.

Choose the Right Program:

There are several options available for loan forgiveness or discharge:

• Borrower Defense to Repayment (BDAR): This program is for students who can prove that the University of Phoenix made fraudulent claims. You will need to fill out a BDAR application, which is available through the Department of Education. This option is for federal student loans, and you must be able to prove that the university misled you or violated state law related to your federal loan.
• Closed School Loan Discharge: If you were enrolled at the University of Phoenix while the school closed (after the start of the COVID pandemic), you may qualify for this program. This program is for federal loans, including federal education loans, direct loans, and Perkins loans. To be eligible, you must have been an enrolled student at the time of the school's closure and transferred your credits to another similar program.
• FTC Settlement Payout: The Federal Trade Commission (FTC) is sending a total of $50 million in payments to eligible students. The average payout is $337, and it arrives in the form of a mailed check.

Submit Your Application:

Once you have determined your eligibility and chosen the appropriate program, it's time to submit your application. You can find the application for the Borrower Defense to Repayment program on the Federal Student Aid office's website. The application process typically takes about three hours to complete, including preparation time.

When submitting your application, it is important to provide a detailed explanation of why your loans qualify for forgiveness and include any supporting evidence. This could include discrepancies between advertised and actual employment rates, selectivity and admissions profiles, licensure passage rates, and representations of graduate placement rates and salaries.

Wait for a Decision:

After submitting your application, the Department of Education has up to three years to make a decision. However, you may receive a decision sooner. You will be notified via email once a decision has been made.

Explore Additional Options:

If you are not eligible for the above programs, there may be other options available. For example, if you are a military service member, you may be able to receive aid through the Department of Defense Tuition Assistance program. Additionally, if you have private student loans, you can explore options such as refinancing or income-driven repayment plans to manage your debt.

It is important to stay informed about any updates or changes to the loan forgiveness programs and their eligibility requirements. Additionally, if you have any questions or concerns, you can seek help from legal clinics or groups, such as the National Consumer Law Center.

University of Phoenix student loan forgiveness latest news

The University of Phoenix is a for-profit school that has been accused of using deceptive marketing tactics to attract students. The university has faced several lawsuits and allegations regarding its practices, with former students claiming that the university made false claims about job placement and curriculum tailoring.

Loan Forgiveness Announcement

The latest news on University of Phoenix student loan forgiveness comes from an announcement by the U.S. Department of Education. The Department has approved federal student loan forgiveness for individuals who attended the University of Phoenix and were deceived by the school's job placement claims. This decision is based on the Federal Trade Commission's (FTC) 2019 court action, where the University of Phoenix was found to have used deceptive advertising practices to enroll students.

Eligibility Criteria

To be eligible for loan forgiveness, individuals must have attended the University of Phoenix between September 21, 2012, and December 31, 2014, and have submitted a valid application for relief through the Department of Education's Borrower Defense program. The Borrower Defense program allows students to apply for federal student loan forgiveness if they believe they were misled by the school.

Application Process

Students who have already submitted a borrower defense claim can check the status of their application on the Borrower Defense page under "Manage My Applications." For those who have not yet submitted a claim, it is recommended to file one as soon as possible. Even if individuals have received a refund from the FTC's settlement, they are still eligible for loan forgiveness and should mention it in their application.

Settlement Details

The FTC reached a settlement with the University of Phoenix, which included a $191 million benefit for former students. This settlement focused on loans that students owed directly to the university, while federal and private student loans were not covered. The settlement included direct payments to some students and the cancellation of unpaid balances owed directly to the school.

Impact and Ongoing Efforts

The University of Phoenix loan forgiveness program has provided relief to students harmed by the school's false claims. However, advocates for students and veterans consider it a small step compared to the total debt owed by borrowers. The Biden-Harris Administration has demonstrated a commitment to providing relief to students and borrowers, with a focus on income-driven repayment programs, Public Service Loan Forgiveness, and discharges for borrowers with disabilities.

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