The Department of Education (ED) just announced that it will approve full federal student loan forgiveness for some University of Phoenix students. Want to know if you’re eligible to get your federal loans forgiven? Keep reading.
If you attended the school between September 21, 2012 and December 31, 2014, were deceived by the school’s claims, and submitted a valid application for relief through ED’s Borrower Defense program, you might well be eligible. ED’s decision is based in part on the FTC’s 2019 court action against the University of Phoenix for using deceptive advertising practices to get students to enroll. ED’s announcement today means even more relief for students harmed by the school’s false claims.
If you’ve already submitted a borrower defense claim, check the status of your application on the borrower defense page under “Manage My Applications.” Haven’t submitted one yet? File your claim now. And if you got a refund from the FTC’s settlement, don’t worry: You’re still eligible for loan forgiveness through ED’s borrower defense program. Actually, be sure to mention it when you apply. Find out more at ftc.gov/UOP.
Choosing a college is a very important decision. To find the right fit for you, a little research goes a long way. Go to ftc.gov/education to learn how to research schools. And if your school hasn’t lived up to its promises, report it at reportfraud.ftc.gov.