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They kept telling him to look on craigslist. Please let me know what you think about this. The class action lawsuit, filed against the now-defunct Art Institute of Colorado, alleges that the school misled students about the quality of its programs and the likelihood of them getting jobs after graduation. Also few years back the school was sold and now found out thatAIP closing. She wasnt able to swing the schedule so she postponed her education. Remember, you are building your case here so take your time and think it through before you even start writing about what happened and how it influenced you. Under the terms of the settlement agreement, the Education Department will cancel nearly $6 billion in federal student loan debt for over 200,000 borrowers. It is possible that you will be able to pay off your student loans more quickly if you refinance your loan. You wont qualify for a Closed School Discharge because you left too far away from the time they shut down, but you may be able to qualify for a Borrowers Defense Discharge. . Read about it on my Guide to BDAR Discharges. Anyways, I rant you know all this stuff, Im sure. Roped into a game art and design degree because there were no alternatives in sight for those interested in game design. The art institute loan forgiveness is a real program that can help you pay off your student loans. Save my name, email, and website in this browser for the next time I comment. In other words, The Art Institutes broke the law, and while they never admitted the illegal behavior, they did agree to pay out nearly $200 million dollars to make the lawsuits go away. Do you have a link to that Wayback website? The Art Museum also faces a class-action lawsuit involving the revoked accreditation. The Art Institutes accreditation was revoked by the United States Department of Education in September 2016. To avoid paying taxes on your student loan forgiveness income, follow these steps. If you do choose to apply for a Borrowers Defense Against Repayment Discharge, theres a very good chance that you will be able to get your student loans forgiven entirely. In the beginning of 2008, I was told I had a balance for one of my classes that needed to be paid immediately of which another loan had to be taken out. I was given false promises and a worthless degree with real bills and serious consequences and life setbacks. 1st guy told me $800.00, the next guy told $1,200.00-$1,500.00. In the end though, the choice is up to you. The corporation has rescinded the accreditation of the school but has denied any wrongdoing. Provide as much context as you possibly can! I was only called in to sign documents to keep going through my classes until graduating in November of 2003.