Discharging Everest College Loans via Borrower’s Defense Against Repayment
Corinthian (and therefore Everest itself) came under scrutiny from Federal regulators and watchdog agencies for misrepresenting its post-grad placement rates and targeting vulnerable, low-income students by pressuring them to take out student loans in order to attend the school.
In the Attorney General of the State of California ordered Corinthian to pay $1.1 billion in penalties and restitution for false advertising, which means that Everest has been not just accused of false advertising, but proven to have committed that illegal activity.
This opens Everest College up to Borrower’s Defense Against Repayment Discharge proceedings, meaning that anyone who attended the school can use this evidence of fraudulent behavior as the reason why their Everest loans shouldn’t exist at all, and should be officially wiped out.
If you still owe Everest money, pay close attention to the rest of this post, because I’m going to show you how you may be able to get the debt eliminated completely.
Anyone who took out a loan to attend a school that committed fraud against them is eligible for loan forgiveness or loan discharge via the Borrowers Defence Against Repayment Program.
This is a program created by the Federal Government to protect borrowers who were illegally convinced that should attend schools who couldn’t live up to their promises, and which may allow you to wipe out all the debt you owe for your Everest education.
How? Because Everest College (via the Corinthian Colleges lawsuit) has been proven to have broken the law, which means that all you need to do is prove that Everest lied to you, personally, and that it was only because of their lies that you were convinced it’d be a good idea to borrow money to attend their school. (suite…)