Choosing a college or university is one thing, but completing it throughout is another important and challenging thing. And it is essential to be cautious of the scams and frauds that one might face while making such choices and decisions.
Several issues are related to the student taking up student loan debts, which might make the student struggle with these scams for so long. For example, Everest college fraud is a kind of them, which we will talk about in detail in this article.
Many students suffered from Everest college fraud. Therefore, it is beneficial for all the students, especially those who became victims of the Everest college fraud, to read this article till the end.
Programs offered by Everest College
Everest College provides 2 beautiful and advantageous programs to the students who are
referred to as :
the compensation programs to the borrower’s defense: it provides forgiveness and advantages to the students to receive refunds
The closed college loan discharge program allows the students to get rid of the loans taken from the colleges that have been shut down.
What were Illegal Activities related to the Everest College Fraud?
- Everest College was found to be misleading their students about the quality of the program they were providing and making the students falsely believe that they could pass the licensure exams quite easily.
- It was an illegal act to misrepresent the work placements and the job success rates.
- Also, Everest college forced students from low-income families to take out student loans, after which only they would be able to attend the classes in the college.
Due to these acts, Everest college was considered guilty of the laws.
- And based on these accusations, they are supposed to pay around $1.1 billion as the compensatory amount for doing these illegal acts and carrying out the activities involving false advertising.
- The Everest college was proved to have aimed at only benefitting the students by doing illicit acts of making students forcibly take out student loans.
What are The Qualifications needed for The Program of Closed School Loan Discharge?
If you want to be eligible for the closed school loan discharge program and enjoy its facilities and provisions, there are two basic requirements you need to fulfill. They are:
- Either it would help if you were a former student of Everest college.
- Or you should have been enrolled in Everest college until at least 120 days before it closed.
Other than these basic requirements, the student must meet additional conditions to enjoy the Everest college loan discharges. Let’s discuss those requirements in detail:
- First of all, as a former student of Everest College, you can not attend another college after transferring your credits before the previous college gets closed down.
- Also, suppose the student failed to acquire the degree from Everest College due to some diploma-related issue like incompleteness of the credits. In that case, answering the required questions appropriately is a must.
Fulfilling these conditions, the students can take full advantage of the closed school loan discharge program.
Points to Remember While Applying for the Everest College Student Loan Forgiveness
While filling out the Everest college loan forgiveness application, care has to be taken that all the details should be filled in precisely to avoid legal consequences in the future.
- The facts should be put in the exact order without exaggerations; otherwise, legal charges can be filed in the future against the applicants.
- The illegal marketing activities done by Everest college solely for making their profits and the different kinds of problems faced during the study should be well documented in the application.
- The amount that the student has paid for the study can also be refunded in the successfully filled applications. And the facts can result in providing benefits of the discharge program.
- The more substantial the evidence against Everest college fraud, the higher the chances of receiving the student loan discharge program eligibility.
Conclusion
These programs are designed to help the students eliminate the heavy burdens of student loans caused by fraudulent activities and institutions. In addition, this program saves the students from the fraud done by Everest College and makes them enjoy the privilege of getting their refunds back to them.
