Access your favorite topics in a personalized feed while you're on the go. A federal judge granted preliminary approval last week to a class action lawsuit that will cancel the student loan debt of about 200,000 borrowers, eliminating out about $6 billion in total debt. The Kaplan University Lawsuit In fact, within the class action lawsuit against Kaplan University, we found out that they were involved in changing grades, enrolling unqualified students, and even counterfeiting legal documents so that their substandard plans would get accreditation. If you need help with developing a strategy for repaying student loan debt or help with these repayment options, contact our office to speak with an expert that can assist. Related:Navient Private Loan Forgiveness. Advanced Career Technologies, ABC Training Center of Maryland, and The Career Institute American Career Institute, The Career Institute of American International College, and Clark University Computer Career Institute, Alta College Westwood College and Redstone College, ATI Enterprises ATI Career Training Center, Bridgepoint Education Ashford University, Career Education Corporation Le Cordon Bleu, Sanford Brown, American InterContinental University, Brooks Institute, Colorado Technical University, Briarcliffe College, Harrington College of Design, International Academy of Design & Technology, and Missouri College, Center for Excellence in Higher Education College America, Independence University, Stevens-Henager College, and California College San Diego, Corinthian Bryman Institute, Everest Institute, Everest College, Heald College, and WyoTech, DeVry DeVry University, Ross University, Keller Graduate School of Management, and Carrington College, Education Corporation of America Virginia College and Brightwood College, Education Management Corporation Art Institute, Argosy University, Brown Mackie, and South University, Minnesota School of Business Minnesota School of Business and Globe University, Graham Holdings Kaplan University, Kaplan Career Institute, Kaplan College, and Mount Washington College, ITT Educational Services ITT Technical Institute, Lincoln Educational Services Lincoln Technical Institute, B&H Education Marinello School of Beauty, Premier Education Group Salter College, Branford Hall, Hallmark Institute of Photography, Harris School of Business, American College of Medical Careers. Our Awards, Were in the News Learn More:Why Is Navient Still Charging Interest? Get Involved, Help Other Vets The other 64,000 in the class attended schools not on the list below. Washington, DC 20005 3732 (a). Here are the eligibility criteria: You must have borrowed a private student loan from Navient or its predecessor, Sallie Mae, between 2002 and 2014 while attending certain for-profit schools like the Art Institute, ITT Technical Institute, and others. 7 Class-Action Settlements You May Be Eligible For in August 2020 Navient valued the $1.7 billion it agreed to forgive at just $50 million the total it expected it would ever be able to recoup. Last summer, postcards appeared in peoples mailboxes, heralding the good news that their loans would be erased thanks to the Navient settlement. According to a 2012 Senate hearing, Chicago-based Kaplan Education Services has been problematic for several years, garnering hundreds of student and employee complaints. DeVry, ITT Tech students among thousands of defrauded borrowers to receive $415 million in loan cancellation. There were 11 campuses spread throughout Iowa, Nebraska, Maryland, and Maine. Our content is intended to be used for general information purposes only. The Department of Justice began investigating Kaplan after a whistleblower, Leslie Coleman, filed a qui tam lawsuit under the False Claims Act accusing Kaplan of employing unqualified instructors to teach Medical Assistant courses at its San Antonio campuses. Kaplan University review: fraudulent practices, liars and thieves. Kaplan University Student Loans forgiveness for recent students of Kaplan University is easily available by the Closed School Loan Discharge program or the Borrowers Defense To Repayment program (BDAR). Leadership Team on Kaplan University Student Loan Forgiveness, Sanford Brown Loan Forgiveness Options in 2022, Student Loan Forgiveness For Healthcare Workers: Recent Updates 2022. Download the official application, fill it out, and submit it to your loan servicer. Another 37% of students withdraw within eight years, and 36% transfer elsewhere. 70+ Colleges & Universites Face Lawsuits Following COVID-19 Closures So whats the deal with this Navient loan forgiveness settlement? Graham Holdings - Kaplan University, Kaplan Career Institute, Kaplan College, . Unfortunately, FFEL Loans werent included in the loan cancellation. For-Profit College Student Loan Forgiveness List | BestColleges Our Victories If you have $100,000 forgiven, the IRS would consider you to have made an extra $100,000 for the year that your debt was forgiven. Critical Mass With Law.com's Amanda Bronstad: Talc Plaintiffs Divided Student Sues Walden University: 'I Wasted Six Years of My Life' - NBC News Over the past several years, there have been several lawsuits and allegations made involving for-profit universities essentially swindling unsuspecting college students out of their tuition money in exchange for a sub-par education that does not meet general academic standards. A similar suit was filed by a graduate student just days later. If you think it seems too good to be true, then fear not, because as you read this, another former Kaplan student is getting their BDAR requests approved and having their Kaplan University Student Loans completely forgiven. In your Borrowers Defense Application, its essential that you emphasize the fact that Kaplan University defrauded the US government out of $4 billion and that part of that defrauding process was guided against you, the person who was sold a fake bill of goods, declared stuff that never got delivered. DeVry must also certify, and provide an independent certification to the Department, of its compliance with these documentation requirements; Post an irrevocable, five-year letter of credit of no less than $68.4 million; Prominently disclose, for a period of two years, a notice on its online home page regarding its failure to substantiate the Since 1975 Representation and include the same language in new enrollment agreements for a period of five years; and. If Sallie Mae holds your loans, youre out of luck. SULLIVAN AND COGLIANO TRAINING CENTERS, INC. TCI COLLEGE (BERKELEY COLLEGE, MANDL SCHOOL, NEW YORK CAREER INSTITUTE, AND TECHNICAL CAREER INSTITUTES), New York City Department of Consumer Affairs, About Us Education Department to cancel $6 billion in loans to defrauded The fastest and affordable way to get rid of your debt is to pay a specialist to evaluate your financial situation and devise a plan for wiping it out as quickly as possible. The settlement only covers loans made during a specific period (2002-2010). Exactly what was the school found guilty of? Be very particular when writing this stuff up because its not enough to point out that the school violated the law and was deservingly punished. Required fields are marked *. Education Secretary Miguel Cardona has approved $2 billion in discharges for 105,000 borrowers to date, but a lawsuit filed Monday says the agency could do more and much faster. There has been a class-action lawsuit made against Kaplan University and Kaplan College, for defrauding the U.S. Government. It also includes Art Institute, Argosy University, DeVry University, Le Cordon Bleu, and Kaplan University. To qualify for the IDR Waiver, FFEL Loan borrowers must submit a consolidation application onStudentAid.govby May 1, 2023. Youre not eligible for relief because your states attorney general didnt participate in the lawsuit against Navient. The Department of Education has found significant indicators of misconduct by these schools and has noted a high number of borrower defense applicants from these schools. The agencys inaction only fuels the financial insecurity of borrowers who have been through enough turmoil, said Libby DeBlasio Webster, senior counsel at National Student Legal Defense Network, which is representing the Kaplan borrowers along with the Project on Predatory Student Lending and National Consumer Law Center. Get a Share of the $242 Million in These Class-Action Lawsuits Under the terms of the Sweet v. Several companies agreed to settle allegations of Telephone Consumer Protection Act violations, and one of those could amount to $100 per text. Financialgid is an independent blog specializing in finance, savings, and other related topics. The qualifications for this program include the following: If you feel you are eligible for this discharge program, you would need to feel out an application. Washington Post's Kaplan Faces Growing Scrutiny - New York Times In addition to the claim, you need to provide the following information: Finding ways to properly articulate the allegations against the school shouldnt stop you from putting in an application or looking into this type of repayment strategy. Youve already joined the Navient lawsuit the company recently settled with the 39 state attorneys general if your mailing address on file with Navient as of June 30, 2021, was in a location that participated in the deal. They will review your case, evaluate your options for switching repayment plans, consolidating your loans, or pursuing forgiveness benefits, then set you up to get rid of the debt as quickly as possible. To qualify for the Navient settlement, your mailing address on file with Navient as of June 30, 2021, must have been in one of these states: Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia, Washington, and Wisconsin. After graduation, students have a median total debt of $6,143 to $41,912. They will get individualized decisions on their borrower defense applications within rolling deadlines, depending on how long their applications have been pending. More on that below. Attorneys Office is investigating Pacific College for potential financial aid fraud. A judge in the case said the department has a legal obligation to take action on group claims brought by state attorneys general, an argument the Kaplan borrowers are leaning on as they seek approval of their own application. Thats why how you write your Borrowers Defense application is so valuable. We do not claim to represent any government agency. Kaplan University Student Loan Forgiveness - FINANCIALGID