If you’re an American Public University student who took out loans to fund your education, you might be wondering about your repayment and forgiveness alternatives.
In this article, we’ll look at a number of alternatives so you can choose the one that’s ideal for your needs.
If you’ve been repaying your student loans and are considering forgiveness, keep reading for information on repayment alternatives open to student loan borrowers.
What is American Public University
American Public University System (APUS) is a for-profit, online university system. It was founded in 1991 as American Military University (AMU). APUS offers associate’s, bachelor’s, and master’s degrees, as well as certificate programs, through its online portal.
American Public University acceptance rate
The American Public University System has an acceptance rate of 78%.
American Public University tuition
American Public University offers campus and online degree programs at undergraduate, master’s and doctoral levels. The following tuition rates apply to the the 2012-2013 academic year. Tuition for campus students is $454 per credit hour while distance education courses are $340 per credit hour. Students who take online courses through American Military University are charged a separate rate of $495 per credit hour.
The undergraduate program costs about $2,750 for 12 semester hours of study, while an MBA can cost up to $27,000 for 33 semester hours of coursework. APU’s nursing degrees range from roughly $8,000 for a bachelor’s degree in nursing to around $13,500.
American Public University reviews
There are many different reviews of American Public University. Some students complain about the high tuition rates, while others appreciate the flexibility and variety of courses that the universitsity offers. Many students find the online coursework easy to access and enjoy the convenience of studying from home.
Nursing students have mixed reviews of the program. Some find that the nursing program is comprehensive and prepares them well for practice, while others feel that more clinical experience is needed.
Yet students who attended a for-profit college were more likely to be without a job six years after starting the program than to comparable students who attended community colleges or other public or private non-profit institutions. Students from for-profit colleges earn annual wages, on average, that are $1,800 to $2,000 lower than the wages of students who had gone to other colleges. source Counterfeit Ed
How to contact American Public University
Address: 111 W. Congress Street Charles Town, WV 25414
American Public University contact number: 877-755-2787
American Public University Portal to log in: https://login.apus.edu/padsts/login
American Public University Lawsuit
In November of 2016, the American Public University System (APUS) was hit with a lawsuit alleging that the school misrepresented its job placement rates to students. The suit also claimed that the school used deceptive marketing practices in order to lure in students.
The plaintiffs in the case are two students who attended American Military University (AMU), one of the schools within the APUS system. The students are seeking class-action status for the lawsuit.
APUS has denied any wrongdoing and has stated that it will “vigorously defend” itself against the allegations.
American Public University loan forgiveness and repayment options
If you are an American Public University student who is feeling overwhelmed by your student loan debt, don’t worry – there are options available to you. You may be eligible for loan forgiveness or repayment options that can make your debt more manageable.
There are a few things you can do to seek student loan forgiveness, such as look into Public Service Loan Forgiveness (PSLF) or Borrowers defense to repayment. Alternatively, consider student loan consolidation or income-based repayment options.
Public Service Loan Forgiveness (PSLF)
Public Service Loan Forgiveness (PSLF) is a government program that was created to encourage people to enter into public service careers. The program forgives the remaining balance on your Direct Loans after you have made 120 qualifying payments while working full-time for a qualifying public service organization.
Borrowers defense to repayment
Borrowers defense to repayment is a provision in federal law that allows borrowers who have been defrauded or misled by a college to have their student loans forgiven. The borrower needs to be eligible, the school needs to have committed fraud, and the borrower needs to not be “at fault” for what happened.
Income-based repayment plans
Income-based repayment plans are a type of federal student loan repayment plan that bases your monthly payment amount on your income and family size. There are four different income-based repayment plans:
• Income-Based Repayment Plan (IBR)
• Income-Contingent Repayment Plan (ICR)
• Pay As You Earn Repayment Plan (PAYE)
• Revised Pay As You Earn Repayment Plan (REPAYE)
Student loan consolidation
Student loan consolidation is the process of combining one or more student loans into a new loan. The new loan has a new interest rate and repayment term. You may be able to lower your monthly payment or get a lower interest rate. You can consolidate a federal student loan and a private student loan together.
Whatever route you decide to take, make sure to do your research and talk to a financial advisor to figure out which option is best for your unique situation. And don’t forget to keep up with your student loan payments, even if it means making some sacrifices elsewhere in your budget. Falling behind on your payments can have serious consequences, including wage garnishment.
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.