Are you a former student of Bryman College who has been affected by the school closure? If so, you may be wondering what your options are for loan forgiveness and repayment.
The Department of Education has several loan forgiveness programs available to help students affected by school closures. The first step is to find out if your loan is eligible for forgiveness.
In this article, we will explore the loan forgiveness and repayment options available to students of Bryman College.
Bryman College Loan Forgiveness and Repayment Options
If you have federal loans, you may be eligible for one of the following loan forgiveness programs:
The Closed School Discharge Program
This program provides borrowers with a full discharge of their federal loans if they attended a school that closed while they were enrolled or within 120 days of their withdrawal.
This program provides complete loan forgiveness for federal student loans if you were a student at Bryman College when it closed. To qualify, you must have enrolled in a degree or certificate program at the time of closure.
Public Service Loan Forgiveness
If you are a public servant, you may be eligible for loan forgiveness under the Public Service Loan Forgiveness Program. The PSLF will forgive your loan after you must have made 120 qualifying payments on your federal student loans.
To qualify, you must work for a government or not-for-profit organization. You must also make sure your loans are through the Direct Loan program.
To learn more about this program, visit the Public Service Loan Forgiveness website.
Borrower Defense to Repayment
Do you feel Bryman College misled you into taking out a loan? If so, you may be able to have your loans forgiven under the Borrower Defense to Repayment.
The Borrower Defense to Repayment program allows you to have your loans forgiven if you can prove that the school misled you or violated state law. To apply, you must submit a claim to the Department of Education.
You can find more information about this program on the Department of Education website.
Total and Permanent Disability Discharge
If you are unable to work because of a disability, you may be able to have your loans forgiven through the Total and Permanent Disability Discharge program.
To qualify, you must provide documentation of your disability from a qualified physician. You must also meet other eligibility requirements.
For more information about this program, visit the Department of Education website.
If you are struggling to make your loan payments, you may want to consider Income-Based Repayment. Under this program, your loan payments will be based on your income and family size.
There are four different Income-Based Repayment plans:
1. Income-Based Repayment Plan (IBR)
2. Pay As You Earn Repayment Plan (PAYE)
3. Revised Pay As You Earn Repayment Plan (REPAYE)
4. Income-Contingent Repayment Plan (ICR)
For more information about Income-Based Repayment, visit the Department of Education website.
About Bryman College
Bryman College was a system of for-profit colleges in the United States. The schools offered diploma and degree programs in business, health care, information technology, and other fields.
Bryman College Closure
On July 25, 2014, Bryman College announced its closure after filing for Chapter 11 bankruptcy and officially shut down its campuses.
A statement made by the (CEO) on July 25, 2014, reads;
“I am deeply saddened that Bryman College has closed and will be unable to continue your educational endeavor at this time… financial problems have reached a point that Biohealth College and Bryman College can no longer stay in business.”
However, emails were sent to students days before the closure, notifying them of the situation and providing instructions for what to do next.
On the following day, many students crowded the school demanding for an explanation for the sudden school closure.
Bryman College Transcripts
To obtain a copy of your Bryman College transcript, you must submit a transcript request form to the school.
You can find the transcript request form on the Bryman College website.
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.