If you attended Axia College and are struggling to repay your student loans, you may be eligible for loan forgiveness or repayment assistance programs.
In this article, we will explain the different options available to you.
We will also provide information on how to apply for these programs.
So don’t despair if you are struggling with student loan debt! There may be help available to you.
About Axia College
Axia College is a for-profit college that was founded in 2007. The school is owned by the Apollo Group, which also owns the University of Phoenix. Axia College offers associate’s and bachelor’s degrees in business, health care, information technology, and public administration.
The school has been criticized for its high tuition rates and its aggressive marketing tactics. In 2012, the U.S. Department of Education found that Axia College had misled students about the costs of its programs and the job prospects of its graduates.
Axia College Closure
In April of 2008, Axia College closed its doors for good. Founded in 2006, Axia was one of the first online colleges affiliated with a major university.
However, despite its promising start, the school struggled to attract students and faced financial difficulties from the beginning. In 2007, Axia was placed on probation by its accrediting agency due to concerns about its finances and governance.
The following year, the college was unable to secure enough funding to stay afloat and was forced to close. Although it existed for only a short time, Axia College made a significant impact on higher education. As one of the first online colleges, it helped to pave the way for other institutions that would later follow suit.
Moreover, Axia’s closure highlights the challenges that online colleges face in terms of financial sustainability and student recruitment.
Axia College Lawsuits
In 2009, Axia College was hit with a class-action lawsuit alleging that the school had engaged in deceptive practices. The suit accused the school of inflating job placement rates, misleadingly advertising its accreditation status, and charging excessive fees.
The case was eventually settled for $22.5 million, with $17.5 million going to the plaintiffs and $5 million to their attorneys. As a result of the settlement,
Axia College was required to change its marketing practices and provide refunds to certain students. The case serves as a reminder of the importance of doing your research before enrolling in any college or university.
Axia College Illegal Marketing Activities
In recent years, Axia College has come under fire for its illegal marketing activities. The school has been accused of using high-pressure sales tactics to convince students to enroll, and of falsely promising them job placement assistance after graduation.
In some cases, students have even been tricked into taking out loans to finance their education at the school. As a result of these unscrupulous practices, many students have found themselves deeply in debt and without the jobs, they were promised.
If you are a former student of Axia College, there are several options available to you for loan forgiveness or repayment of your student loans.
These include:
Borrowers’ defense to repayment
Borrowers’ defense to repayment is a type of student loan discharge that is available to borrowers who can prove that their school misled them or engaged in other misconduct. Borrowers must apply for this discharge option and provide documentation to support their claims. If the Department of Education finds that the borrower has a valid case, they will discharge the borrower’s loans and refund any money that has been paid toward the loan.
There are a few different ways that borrowers can qualify for this type of discharge. For example, if the borrower can show that the school misled them about their job prospects after graduation, or if the school used false advertising to recruit them, they may be eligible for relief. Additionally, if the borrower can show that the school failed to meet state standards, or engaged in other misconduct, they may also be eligible.
If you believe that you might qualify for borrowers’ defense to repayment, it’s important to gather as much documentation as possible to support your claim. This may include transcripts, emails, contracts, financial statements, and more.
Public Service Loan Forgiveness Program
The Public Service Loan Forgiveness Program is a federal program that forgives the remaining balance on your student loans if you have made 120 qualifying monthly payments while working full-time for a qualifying employer.
To qualify, you must be employed by a government organization, non-profit organization, or other public service organization, and you must make your payments under a qualified repayment plan. If you work for a qualifying employer but do not make your payments under a qualified repayment plan, you may still be eligible for partial forgiveness.
This program can offer significant relief to those who are struggling to repay their student loans, but it is important to remember that it is not automatic. You must apply to have your loans forgiven, and you must continue to make timely payments on your loans until you are notified that your application has been approved.
If you are employed by a public service organization and are struggling to repay your student loans, the Public Service Loan Forgiveness Program may be able to help.
Income-Based Repayment Plans
If you’re struggling to repay your student loans, you may be considering an income-based repayment plan. These plans base your monthly payment on your income and family size, and they can provide some much-needed relief if you’re having trouble making ends meet.
However, there are some important things to consider before enrolling in an income-based repayment plan. For one thing, these plans often extend the length of your loan, which means you’ll end up paying more interest over time.
Additionally, any outstanding balance on your loan may be forgiven after a certain number of years, but that forgiveness is considered taxable income.
As a result, it’s important to do your research and speak with a student loan advisor before enrolling in an income-based repayment plan. With careful planning, an income-based repayment plan can help you get back on track financially.
Talk to a Student Loan Advisor
It’s no secret that student loan debt is a huge burden for many Americans. In fact, the average graduate owes over $37,000. If you’re struggling to manage your student loan debt, it’s important to seek out help.
A Student Loan Advisor can provide you with valuable information and resources to help you get on the right track. They can help you understand your options for repayment, consolidation, and forbearance.
If you’re struggling with student loan debt, don’t hesitate to reach out to a Student Loan Advisor for help.
