QUESTION
How can I get out of the $40,000 they think they deserve, but they did not deliver?
Asked on Aug 25th, 2016 on Bankruptcy - New Jersey
More details to this question:
I am a student in the Diagnostic Medical Sonography program at a for profit institution. This degree comes with a hefty loan to repay. I am nearing the end of my program and I am conflicted as to whether or not I want to finish due to all of the staff changes, and frankly the lack of staff. Since starting the program, they have been in a constant state of chaos. Because of the revolving door of staff, the students are left struggling, self-taught, and unprepared for the career field. I am three quarters out from graduating, and feel as if this expensive education is a scam. When out on clinical rotation, I have found out that my school and it's educators are considered a joke in the sonography field. I don't feel I have received an education that is equal to its price tag. I don't feel the college has been forthcoming with all of their staffing problems, and I feel they have misrepresented this as a successful program of learning. They are grossly understaffed which has impeded my education that I no longer want to be a part of. Do I have any legal ground to have my student loan forgiven?
5 ANSWERS
You can file BK to discharge the debt. Student loans to non-profit schools are dis chargeable, so long as it is not guaranteed by the Federal Government. You should consider filing a complaint with the Attorney General for the State of Colorado. If enough students file, they may do something on your behalf. Lastly, you can always defend on a breach of contract lawsuit for all the reasons you already stated. Good luck!
Answered on Sep 21st, 2016 at 11:38 AM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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There are cases where student loans have been discharged because the school lied about the education and/or the opportunities available to graduates.
Answered on Sep 21st, 2016 at 11:38 AM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
2 Awards
No, you do not.
Answered on Sep 21st, 2016 at 11:37 AM
2 Awards
If it's a privately funded student loan and not a federally guaranteed student loan then you may discharge it in bankruptcy. Or, you may file a civil suit against them arguing that they did not deliver the education that you contracted for.
Answered on Sep 21st, 2016 at 11:37 AM
It depends on whether the government takes action against this school. Otherwise, you can take it to court and have a very expensive battle on your hands. Gossip about the school does not qualify as evidence in court.
Answered on Sep 21st, 2016 at 11:37 AM