Loan Cancellations for the Art Institute of Colorado

If you attended the art institute loan forgiveness of Colorado (two locations), the Illinois Institute of Art (Chicago, IL; Schaumburg, IL), or the Art Institute of Michigan (Novi, MI), your schools were subject to an action by their accreditor solely as a results of the change of ownership from Education Management Corporation to DCEH. As a results of the accreditor action, you’ll be unable to transfer credits earned at those schools after Jan. 20, 2018. ED isn’t in agreement that the institutions weren’t in an accredited status for the amount between Jan. 20, 2018, and therefore the schools’ closure in December 2018. However, as long as students’ transcripts are marked to point that the faculties weren’t accredited during that point period, and therefore the incontrovertible fact that those schools have now closed, students could also be unable to transfer credits earned at the previous school to a different school. Therefore, we don’t believe that you simply should have a repayment obligation for loans taken in association together with your enrollment for the term during which Jan. 20, 2018, fell, or for any subsequent terms through your school’s closure. Those Direct and parent PLUS loans are going to be cancelled.

However, unless you apply for and are granted a closed school loan discharge under the extended window described above, you want to repay loans that you simply received for any term before the term including Jan. 20, 2018. you’ll receive a separate notice from your loan servicer about which loans are cancelled and which loans you continue to have, if any.

Borrower’s Defense Against Repayment
The Borrower’s Defense Against Repayment is a program introduced by the United States federal government to help student borrowers who obtained loans to complete their education at schools that later acted in any fraudulent or dishonest way. The program exists as an effort from the government to help such students continue their education.
In the case of the Art Institute, it’s proven beyond reasonable doubt and proved in court that Educational Management Corporation had committed several fraudulent acts during the operation of its Art Institutes. Under the circumstances, any individual who owes student loans from the Art Institutes becomes automatically eligible to receive art institute loan forgiveness under the borrower’s Defense program. Under this program, you can obtain total loan discharge.

Some illegal activities charged by DOJ include fraudulent recruiting and unlawful marketing. As a result, a lot of students from different walks of life felt the impact of these activities. Thankfully, a lot of these students have already received compensation through loan forgiveness under the Borrower’s Defense Against Repayment Discharge?

So what are you waiting for?
If you meet the eligibility criteria, make sure you get the compensation you deserve from the forgiveness program. You can be confident about the legitimacy of the Borrower’s Defense program. We can guarantee with all certainty that this program is legit!
For many students currently enrolled in other institutions and trying to complete their education, this is the best option. Especially under their current circumstances that render them unfit for the Closed program. If you decide to move forward with an application for the Borrower’s Defense Against Repayment, then you stand an excellent chance to write off your debts and benefit from the art institute loan forgiveness.
Before you apply, there is some crucial information you need to consider.

Eligibility Criteria
Students are eligible to benefit from student forgiveness if they can successfully do one vital thing. As a student must successfully connect their Borrower’s Defense Claim to the lawsuit that brought down the Art Institute and its fraudulent activities. Please find below some of the necessary details you need to add to your application.
Monetary settlement figures
Links to reputable sources
Any other details you can provide to help build a strong case against the school.
Only after including all the necessary information, should you submit your application. Provided your application is successful, you can enjoy the art institute loan forgiveness, and get refunds for all your previous loan repayments. Since the benefits of this program are so significant, you don’t want to do anything that disqualifies you. Therefore, remember to pay close attention to the details and make sure to enter all the information required on the application form correctly. The application process isn’t challenging, but as mentioned earlier, you must complete it with extreme care. Please refer to the section below for details on the application procedure.

Filing a Claim for the Borrower’s Defense
To successfully file a claim for the Borrower’s Defense Claim, you need to point out the facts that the school violated the law in its dealing with you, and you enrolled in the institute as a result of illegal marketing tactics employed by the school. The writing of the claim has to be thorough, living no stone unturned. In other words, it needs to be clear to whoever will process your claim that you would have never taken out a loan from the Art Institute to complete a course if you would have known otherwise.
Remember to emphasize the fact that you were misled by the Art Institute in the matter of the loan. This is easy to prove because the Art Institute agreed to make about $200 million available to students. For those who don’t know the full details or are not sure about the details of the Art Institutes dealings that led to its recent closure, please read the section below to find all the information you need to build a solid case.

The Art Institutes
The Art Institutes was a subsidiary owned by the Educational Management Corporation. It was the second-largest for-profit college in the whole country. Due to illegal practices, the art institutes lawsuit led to further scrutiny of the Educational Management Corporation. In this lawsuit, the corporation faced charges for breaking several consumer protection laws.
This led to a settlement in 2015. In the wake of this settlement, Educational Management Corp agreed to pay a total of $95.5 million for fraudulent recruitment strategies and forgive student loan debts amounting to about $103 million.

As of today, the Educational Management Corporation has failed to admit any wrongdoing even after the Art Institutes lawsuit wen against it. Nevertheless, they have consented to the payment of 200 million dollars. This is good enough proof to use for a Borrower’s Defense argument. Though this might be the case, you may be ready to do more than point to the Art Institutes’ wrongdoings. The case lies in outlining how these actions affected you personally. This is the best way to guarantee loan forgiveness from the Art Institution.

However, we understand some people may still require some assistance to pinpoint some illegal activities of the Art Institutes.

he Art Institutes Marketing Activities
According to the complaint filed in the Supreme Court of New York County, here are some alleged practices of the school that might help increase your eligibility for the art institute loan forgiveness.
Misled students concerning the benefits of degrees obtained through education at their schools.
Deployed high-pressure sales tactics to get students who would have otherwise chosen a different school
Made false claims concerning the accreditations of certain programs
Misrepresented job placement and graduation rates.
Questions to Ask Yourself
Do you believe you were a victim based on any of the above practices?
Have you been at the receiving end of any of these marketing tactics?
Do you think the graduation rate from the Art Institutes misled you?
If you answer yes to any of these questions, you can plainly state it as a strong base for filing for a claim under the Borrowers Defense Program. For further clarification on the misconducts of the Art Institutes, be sure to read our post on the Art Institute lawsuits in 2019. By now, you must have made up your mind as to whether to apply or not. If yes, please on to find how to file your Borrower’s Defense Claim.

https://studentloansresolved.com/art-institute/

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