Strayer University And Student Loan Forgiveness Eligibility

Strayer University is a private, for-profit higher education institution based in the United States. The university offers federal student loans to its students, which must be repaid. While Strayer University does not have its own loan forgiveness program, there are various ways in which students can seek loan forgiveness or discharge. This includes federal programs such as the Public Service Loan Forgiveness program, as well as circumstances such as the school closing, the borrower becoming permanently disabled, or the school being found to have falsified loan qualifications. Additionally, Strayer University provides a service called Student Connections, which helps students with any queries related to their federal student loan repayment obligations.

Strayer University's student loan forgiveness programs

Strayer University is a private, for-profit higher education institution based in the United States. The university does not offer a dedicated loan discharge program, but there are several ways in which its students can seek loan forgiveness.

Student Connections

Strayer University offers a service called Student Connections, which is paid for by the university itself. Student Connections provides information about various repayment plans and can help students make sense of difficult circumstances to avoid problems with their federal student loans.

Borrower Defense Rule

If a student believes they have been defrauded by Strayer University, they may be eligible for loan forgiveness under the Borrower Defense rule. This federal regulation frees students from the obligation to pay their student debt if their college or university defrauded them. Students can apply for this online at StudentAid.gov/borrower-defense.

Public Service Loan Forgiveness Program

Students can also earn forgiveness through the Public Service Loan Forgiveness Program. This involves volunteering for non-profit organizations, serving in the military, or working in the medical practice. Students can get part or whole loans forgiven by making the first 120 payments while working for a legitimate employer, non-profit organization, or government agency.

Other Ways to Get Student Loan Forgiveness

There are other ways to get student loan forgiveness that are not specific to Strayer University. These include:

• The school closes down.
• The borrower becomes permanently disabled.
• The borrower dies.
• The school is found to have falsified loan qualifications.
• The borrower is a victim of identity theft.

Student loan repayment counselling

Student loan debt can be confusing and overwhelming, but there are resources and organisations that offer legitimate student loan help. If you attended Strayer University, there is no "Loan Discharge Program" that forgives federal student loans. However, there are other ways to get your student loans forgiven, such as if the school closes, you become permanently disabled, or you work for the government or Peace Corps.

If you are struggling to repay student loans or are concerned about the impact of student loans on your finances, non-profit student loan counselling can help. Counselling services can assist you in identifying the right solution for paying off your student loans and guide you through the various repayment options.

• Assess your financial situation: This includes understanding your income, living expenses, debt, and long-term goals.
• Collect your loan information: Gather all the details about your outstanding federal and private loans.
• Create a budget: Make sure you understand your financial situation and how much you can allocate towards loan repayment.
• Explore repayment options: There are various repayment plans available, such as income-driven repayment plans, deferment, or forbearance.
• Connect with a counsellor: Many organisations offer free or low-cost counselling services to help you create a personalised action plan for repaying your student loans.
• Stay informed: Do your own research on the Federal Student Aid website and stay up-to-date with any changes or updates to loan repayment programmes.
• Avoid scams: Be wary of for-profit debt-relief companies that charge fees for services you can do yourself for free. Legitimate student loan help organisations will not call, text, or email borrowers with offers of debt resolution.

Student Loan Forgiveness

In addition to student loan repayment counselling, there are also student loan forgiveness programmes that you may qualify for. These include:

• Public Service Loan Forgiveness: For those who work full-time for a qualifying public service employer and make payments on an income-driven repayment plan for 10 years.
• Borrower defence to repayment: If your school defrauded you, you may be eligible for loan forgiveness.
• Closed school discharge: If your school closed while you were enrolled or shortly thereafter, you may be eligible for loan discharge.
• Total and permanent disability discharge: If you are unable to work due to a total and permanent disability, your loans may be discharged.

Loan forgiveness eligibility criteria

Strayer University is a private, for-profit higher education institution based in the United States. While Strayer University does not offer a loan discharge program, there are several ways in which a student's loan may be forgiven, canceled, or discharged. Here are the loan forgiveness eligibility criteria:

School Closure:

If Strayer University closes, students with federal loans may be eligible for loan forgiveness.

Permanent Disability:

If a borrower becomes permanently disabled, they may qualify for student loan forgiveness.

Loan Qualification Falsification:

If it is found that Strayer University falsified loan qualifications, students may be eligible for loan forgiveness.

Identity Theft:

If a borrower is a victim of identity theft and someone secured a loan using their information fraudulently, they may be eligible for loan forgiveness.

Death of the Borrower:

In the unfortunate event of the borrower's death, their student loans may be forgiven.

Failure to Refund Loans:

If Strayer University fails to refund needed loans to the lender, the student may be eligible for loan forgiveness.

Borrower Defense Rule:

The Borrower Defense Rule is a federal regulation that releases students from the obligation to repay their student loans if their college or university defrauded them. To be eligible for loan forgiveness under this rule, the following criteria must be met:

• The school used illegal enrollment tactics, such as falsely promising job placements after graduation.
• The school misrepresented the cost of education.
• Students are unable to transfer credits to other institutions.
• The school made false claims about its accreditation.

It is important to note that the Borrower Defense Rule has become stricter, and borrowers must present substantial evidence that their school committed fraud knowingly.

Public Service Loan Forgiveness Program:

Students can also earn forgiveness through the Public Service Loan Forgiveness Program by volunteering with non-profit organizations, serving in the military, or working in the medical field. To qualify for this program, borrowers must make the first 120 payments on their loans while employed by a legitimate employer, non-profit organization, or government agency.

Loan forgiveness through public service

Strayer University is a United States-based private, for-profit higher education institution. It enrolls about 40,000 students through its online learning programs and at 78 campuses located across 15 U.S. states and Washington, D.C. While Strayer University does not offer a loan discharge program, there are other ways to get your student loans forgiven, canceled, or discharged. This includes if the school closes, you become permanently disabled, or you work for the government or Peace Corps.

One such way is through the Public Service Loan Forgiveness (PSLF) program. This program offers tax-free loan forgiveness to borrowers who work full-time (more than 30 hours per week) in an eligible federal, state, or local public service job or 501(c)(3) non-profit job. To qualify for PSLF, you must make 120 on-time monthly payments while on a qualifying repayment plan and working full-time in public service. The standard repayment plan for federal student loans is 10 years or 120 payments, so if you work in public service during this time, you can have the remainder of your loan balance forgiven tax-free.

To apply for PSLF, you must submit the PSLF form, called the Employment Certification for Public Service Loan Forgiveness form, annually or whenever you change employers. This form is used to track your qualifying employment and qualifying loan payments. After submitting the form, the Department of Education will review your application and notify you of your eligibility. If you are approved, your loans will be transferred to the Federal Student Aid (FSA) office, which will handle the forgiveness process.

It is important to note that not all repayment plans qualify for PSLF. The most common qualifying repayment plans are the income-driven repayment plans, such as Revised Pay As You Earn (REPAYE), Pay As You Earn (PAYE), Income-Based Repayment (IBR), and Income-Contingent Repayment (ICR). These plans calculate your monthly payment based on your income, family size, and state of residence. To maximize your forgiveness, it is recommended to switch to one of these income-driven repayment plans.

Additionally, not all loans qualify for PSLF. Only federal Direct Loans are eligible for PSLF. This includes Direct Subsidized and Unsubsidized Loans, Direct PLUS Loans, and Direct Consolidation Loans. If you have other types of federal loans, such as Federal Family Education Loans (FFEL) or Perkins Loans, you can consolidate them into a Direct Consolidation Loan to make them eligible for PSLF. However, any payments made on the original loans will not count towards the 120 required payments.

In conclusion, while Strayer University does not have its own loan forgiveness program, students can explore options like PSLF to reduce their student debt burden. It is important to carefully review the requirements and eligibility criteria for any loan forgiveness program and seek official sources of information, such as the Federal Student Aid website, to avoid scams and ensure a smooth process.

Loan forgiveness in the event of permanent disability

Strayer University is a private, for-profit higher education institution based in the United States. While Strayer University does not offer a loan discharge program, there are still ways to get your student loans forgiven, canceled, or discharged. One way is if you become permanently disabled.

If you have a complete and total disability, you may not be liable for repaying certain types of federal student loans. This is based on eligibility for the Total and Permanent Disability (TPD) Discharge Program, which is offered through the United States Department of Education and overseen by student loan servicer Nelnet.

To qualify for loan forgiveness through the TPD Discharge Program, you must meet specific disability requirements. There are three main ways to get approved:

• Through the U.S. Department of Veterans Affairs: You can receive student loan discharge if you have a service-connected disability that is 100% disabling or are totally disabled based on an individual unemployability rating.
• Through the Social Security Administration (SSA): You may be eligible for student loan discharge if you're already receiving Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits.
• Through a medical professional: A doctor of medicine, doctor of osteopathy/osteopathic medicine, nurse practitioner, physician's assistant, or certified psychologist at the independent practice level can certify that you have a total and permanent disability. The medical professional must be certified to practice in the United States and provide documentation showing that you are "unable to engage in any substantial gainful activity."

It's important to note that the TPD Discharge Program does not have a list of specific disabilities that qualify for loan forgiveness. However, you must be totally and permanently disabled, meaning you are unable to work and repay your student loan obligations.

If you are considering applying for the TPD Discharge Program, you can use the online application wizard, print and complete the application form, or request an application by email or phone.

Frequently asked questions