Art Institute Lawsuit as we discussed within the first article during this series, there are steps and procedures which will be utilized by the tiny business owner to scale back the amount of overdue accounts on their books. additionally to those preventative steps, there are intermediary actions which will be taken on these accounts before handing their case over to a set attorney.
The reason for the content of this text may be a results of concerns voiced by small business owners. As stated within the first installment during this series, one among the most concerns small business owners have is that the incontrovertible fact that , thanks to geographic constraints, there are a finite amount of consumers . In light of this, the priority is to gather the overdue monies, yet not sour and loose the customer’s future business. this will be a really difficult task due to the 2 standard options presented to the tiny business owner. they will either submit the account to a set agency for a barrage of nasty phone calls, or institute legal proceedings against the customer. Neither of those options are very attractive if your goal is to stay the customer’s repeat business. Therefore, I even have often been asked are there any steps in between prevention and litigation.
Art Institute Lawsuit and Loan Forgiveness
Art Institute student loans are a nightmare. Don’t get us wrong. Student loans can be an excellent investment for your future, or an outright burden for the rest of your life. If it were not for the Art Institute lawsuit, thousands of people would be paying their student loan debt for their entire career.
Student debts have reached a peak in the US. “An estimated 40 million people owe on an average balance of $29,000,” according to credit reporter, Experian. Another report by the National Association of Realtors in 2018, said that 83% of people aged 22 to 35 with student debts blamed the cause on student loans.
That same year in October, there was an Art Institute lawsuit by former students from Art Institute of Colorado and Illinois Institute of Art against the department and Education Secretary Betsy DeVos. They accused the agency of providing loans, although the Education Management Corporation, a company that owns Art Institutes, knew they were not eligible to pay. But the arrival of the Art Institute lawsuit has given a voice to the Art Institute students and enabled them to progress in life.
If you have an Art Institute student loan, you should know that you’ll be making payments for the rest of your life (unless you manage to pay off the debt). One way to get rid of the debt is to apply for Art Institute student loan forgiveness. Don’t worry; this article will guide you through the process to help you pay off your debt safely.
Let’s Start With Some Good News
If you’re part of the Art Institute student loan forgiveness program, there’s a strong possibility that you’ll be debt-free. Recently, the Education Department agreed to extend the period of eligibility to cancel the former Art Institute students’ debts. Previously, it was a four-month period. Now, they’ve decided to extend the period close to a year.
If you’ve applied to the Art Institute Discharge, this is good news for you. Remember that you are eligible if you enrolled in the Art Institute, were on approved leave, or you withdrew within four months before the college shut down.
If you are yet to apply, get an application before it’s too late. Get a free consultation with the Art Institute student loan forgiveness specialist right now!