Why? Because the people working at these companies deal with student loans all day, every day, and they're your best chance at figuring out how to get your loans back under control. If you're truly struggling with student debt, then you should also consider paying a Student Loan Debt Relief Agency for help. Let me give you a quick word of advice – the Department of Education is backed up with BDAR applications, and their average response time is literally multiple years now, so sitting around and waiting for them to give you a yes or no may not be your best approach to dealing with your student debt. ONLY loans directly owed to the University of Phoenix are eligible for this particular round of forgiveness, but ALL Federal student loans are eligible for discharges under the Borrower’s Defense to Repayment Program.īottom line: if you’ve got federal debt tied to UOP, then you need to look at my Guide on Getting a BDAR Discharge, or finish reading this post, where I’ll go through the entire process in detail, because there’s a great chance that you can get it eliminated simply by filing under the rules of that program.īut Before I Explain How Borrower’s Defense Works… Under the settlement terms, UOP agreed to pay $191 million in penalties, with $141 million being used to forgive student loans for borrowers that enrolled in the school between October 1st, 2012 and December 31st, 2016. How To Apply for UOP Student Loan Forgiveness In reality, the FTC found that many UOP students graduated with poor job prospects, very little actual support from UOP, and tons of student loans that they were on the hook for, but which they were having trouble paying off.Īllegedly, UOP also apparently purposefully targeted their marketing campaigns at people of color and military veterans, making this whole thing even more scandalous. This lawsuit stems from the same accusations I’ve been tracking here for years, that UOP committed unfair and deceptive marketing practices, giving the impression that the school worked with large national companies to create great job opportunities for students, and tailoring it’s courses and lessons specifically to help students land those jobs. NEWS ALERT: On December 11th, 2019 an absolutely massive settlement between University of Phoenix and the Federal Trade Commission was finally settled, under which UOP agreed to provide $141 million in student loan forgiveness benefits to former students still on the hook with outstanding Federal student debt. This post will explain how you can use the Borrower’s Defense Against Repayment Program to cash in on University of Phoenix student loan forgiveness benefits, wiping out your UOP student loan debt for good, and potentially even getting a refund for any money you’ve already paid UOP or their parent company, the Apollo Education Group.Ĭlaim Your Share of $141 MILLION in Forgiveness Benefits Why? Because the University of Phoenix has been accused of committing all sorts of fraudulent marketing and business activities, including violating both State and Federal laws, by essentially running a huge scam operation to extract money from not just individual Americans, but also the Federal Government and even the Defense Department (via student loans given to military personnel). I’ve got great news for UOP students it’s now not just possible, but relatively likely and essentially even pretty easy to qualify for University of Phoenix loan forgiveness benefits via the Borrower’s Defense Against Repayment Program. How to Qualify for a University of Phoenix Student Loan Discharge or Refund
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