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Student Loans from a School that was not acreditate and now is bankrupt!

Date: Fri, 07/15/2011 - 01:43
Submitted by on Fri, 07/15/2011 - 01:43
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Hi, my question is that the school I attended was an not credited school and they promise us a good career, the school constantly encourage student to sign up for student loans, never offer financial aid or pell grants. About four (4) years later the school file for bankruptsy I was stock with student loans of the roof and with out a degree? is there anything that I can appeal these debt as the school preaty much took off with all the money and we were left with out nothing as students?:confused:

I would appricate any advise or answer.

Thank you!


I left two years before the school file for bankruptcy, the school was Brooks College in Long Beach California. The school close and is no longer around. I left the school because many of the classes were been taught by the same students and they kept on adding more onto my loans and I was not getting any benefit from their school. Now I am in an imense debt with loans and don't know what to do?

Thank you for responding, I hope this information is of help and you respond back


Submitted by on Sat, 07/16/2011 - 01:35

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The school was accredited...http://www.accjc.org/directory-of-accredited-institutions. Now how much this means, I dont know. Nobody really monitors these accrediting bodies.

Unfortunately, you were not attending the school when it closed. Federal regs allow loan cancellation and provisions for students who were in attendance when the school closed or had attended with 6 months. You are way outside that provision.

What type of loans do you have? Private or federal?


Submitted by SOAPLADY on Sat, 07/16/2011 - 05:21

SOAPLADY

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