Brown Mackie College Loan Forgiveness
These two programs are called the Closed School Loan Discharge Program and Borrower’s Defense To Repayment (BDAR). I can ensure you that these are solid chances to wipe out your student loans, and, in fact, they’re two of the best Federal Student Loan Forgiveness Programs on the suggestion.
In this post, I’ll describe how each of those programs works, plus going through each program’s eligibility conditions, and also how to write a reasonable application to improve your chances of being accepted for a discharge.
The US Justice Department announced a $95.5 settlement toward Brown Mackie’s parent company, Education Management Corporation in 2015.
The origin of this lawsuit and lawsuit settlement was rooted in EMC performing various numbers of fraudulent conduct, especially tied to the way that they announced their Brown Mackie College.
In fact, it’s essentially a fictitious advertising state, where the school made misleading promises or fake claims, in order to attract students into taking out loans to tend their higher education programs on the idea that they were more important than they really were.
In the lawsuit, EMC was involved of using tricky, high-pressure recruiting tactics to create more enrollments, and as result of the arrangement, each one of EMC’s schools was elected an independent administrator to monitor selecting and enrollment practices, securing that the unlawful marketing actions would stop.
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Last Update : Feb 05, 2019
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|Item Owner : Paul Cassidy|
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