The school was doing so many illegal things, and running such fraudulent business practices, that the US Government investigation, lawsuit and punitive measures basically forced it into closing down, which isn’t surprising if you consider just how bad they were behaving.
What is a closed school discharge?
The closed school discharge is available if you attended a school that closed while you were enrolled or if you withdrew 120 days before the school’s closure (called a “lookback period”). If any of these underlying loans could be canceled, you can apply for a closed school cancellation for these loans only.
Can you get loan forgiveness from Kaplan University?
The closing of Kaplan College, Kaplan University and Kaplan Career Institute allows former students to use the Closed School Loan Discharge program to get loan forgiveness, under specific conditions. The Closed School program can assist anyone who was studying at Kaplan University at the time it shut.
How many students will be refunded by Kaplan?
The majority of the settlement – roughly $1,077,000 – will be paid in the form of tuition refunds. These refunds will benefit 289 students, whose student loan debt will decrease as a result of the settlement.
Why is Kaplan University eligible for Borrower’s Defense?
One of the principal reasons that Kaplan University Student Loans are eligible for the Borrower’s Defense program is that the school has been involved of defrauding the US Government to the number of a huge $4 billion, which is essentially a record when it comes to higher education scam.
What kind of financial aid does Kaplan get?
Many of Kaplan’s students receive financial assistance under federal programs that help eligible students obtain higher education. These federal programs, authorized under Title IV of the Higher Education Act of 1965 (“Title IV”), include the Federal Pell Grant Program,…
