Are you an Altierus Career College Graduate looking for information on Loan Forgiveness and Repayment Options? You’ve come to the right place!
In this article, we will discuss the various Loan Forgiveness and Repayment Options available to Altierus Career College graduates. We will also provide you with information on how to apply for these options.
So, let’s get started!
Altierus Career College Loan Forgiveness and Repayment Programs
If you have federal student loans, you may be eligible for one or more loan forgiveness or repayment assistance programs. The Department of Education offers several different loan forgiveness and repayment assistance programs.
These programs are designed to help borrowers who are having difficulty repaying their loans.
The following programs are available to Altierus Career College graduates.
1. Public Service Loan Forgiveness Program.
The Public service loan forgiveness is likely the most popular loan forgiveness program. If you are working full-time for a government or not-for-profit organization, you may be eligible for this program.
The program forgives the remaining balance on your Direct Loans after making 120 qualifying monthly payments.
However, in 2021, in response to the COVID-19 pandemic, the U.S. Department of Education introduced a supposedly new waiver for the PSLF.
It was announced that it would temporarily ease some requirements to allow more people to qualify for the program. For E.g., instead of the 120 monthly payment requirement. The new waiver will enable borrowers to receive forgiveness based on their qualifying public service employment regardless of their loan type or repayment plan.
The program is set to expire on October 31, 2022.
To know more about this, please click here.
2. The income-based repayment plan
The income-based repayment plan is available to students who cannot afford to make their monthly student loan payments. This program caps your monthly payments at a percentage of your income and then forgives the remaining balance after 25 years.
There are four different income-based repayment plans:
- Pay As You Earn Plan
- Revised Pay As You Earn Plan
- Income-Contingent Repayment Plan
- The Income-Based Repayment Plan
Each plan offers different benefits and has its eligibility requirements.
The Borrower Defense to Repayment program
The Borrower Defense to Repayment program is available to students who have been defrauded or misled by their institution.
If you have taken out a loan to attend Berkeley College and feel that you were defrauded or misled by the school, you may be eligible for this program.
The program can cancel students’ loans who their school deceived into taking out loans that they did not need or could not afford.
Still, under this option, the Biden administration, on March 2021, announced that it would be canceling over $1 billion in federal student loans for 72,000 borrowers. However, this only applies to borrowers whose claims have already been proven.
To know more about this, please click here.
Student Loan Consolidation
Student loan consolidation is the process of combining multiple student loans into one loan.
The benefit of student loan consolidation is that it can lower your monthly payments by extending your repayment term. It can also save you money on interest charges.
To be eligible, you must meet the following requirements:
- You must be a U.S. citizen or an eligible non-citizen.
- You must be the age of majority in your state.
- You must not have defaulted on any federal student loans.
- You must not have exceeded your aggregate loan limit.
The Total and Permanent Disability discharge is available to students who have become permanently disabled and can no longer work.
To be eligible, you must provide documentation of your disability from a qualified professional.
Once you are approved, your loan will be forgiven, and you will no longer have to make any loan payments.
Altierus Career College Tuition and Fees
If you’re attending Altierus Career College, you can expect to pay the following tuition and fees.
In-state tuition and fees: $14,614
Out-of-state tuition and fees: $14,614
The Average annual cost of attendance (including tuition and fees, books and supplies, room and board, and other expenses) for all students is $21,891.
Data from collegescorecard.ed.gov, collegefactual.com.
This information is accurate as of 2019.
To know more about the current tuition and fees, please visit the school’s website.
Altierus Career College Graduation Rate
The graduation rate at Altierus Career College is 54%. The retention rate for full-time students is 74%.
The graduation rate at Altierus Career College is lower than the average for-profit college.
Altierus Career College Reviews
Altierus Career College has a 3.9-star rating on Indeed.com, a 2-star rating on GradReports, and a 4.1-star rating on Niche.
The majority of reviews are positive, with students praising the school’s helpful staff and flexible class schedules.
However, some students have complained about the high cost of tuition and the lack of job placement assistance.
If you’re considering attending Altierus Career College, be sure to research the school thoroughly to make sure it’s the right fit for you.
Need Help with student loans?
If you’re having difficulty keeping up with your student loan payments, or want to learn more about your alternatives, do not hesitate to contact us. You can call or fill out a form and speak to one of our student loan advisors.
We have a number of resources that can help you make the best decision for your financial future.