With that said, major reforms remain pure speculation at this point, so let’s focus instead on the here and now, and let’s explore the private student loan forgiveness benefits programs currently available today.Now, while I’m going to explain each of these programs in detail, you do need to keep in mind that there are thousands of scam artists floating around trying to take advantage of people pursuing these benefits.Your first call is free, and you’ll only be charged if you end up signing up for one of their services.Call the Private Student Loan Relief Helpline now at 1-866-530-9946.In 2017, there are more opportunities for receiving Private Student Loan Forgiveness than ever before, so you can safely ignore anyone claiming that there’s no help available to you. Because over the past year, the Federal Government has gone on a rampage attacking private schools, private lenders and private student loan servicing companies, filing lawsuit after lawsuit against them, forcing them to close shop, offer refunds and extend forgiveness benefits to millions of Americans across the country.There have been lawsuits initiated by the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC) and the Department of Education (DOE), all of which signal that things are about to change for the private student loan industry.
It’s not that difficult a process, however, as all it requires is getting transcripts from the school you attended, and submitting those to whoever services your loans.
When Corinthian Colleges shut down (Heald, Everest, and Wyotech), tens of thousands of students across the country were left with tons of debt, and no chance for completing their degrees.
As a result, protests erupted across the country, with thousands of former students publicly demonstrating that they would refuse to pay back their loans, and this sparked a bit of a panic across the student loan industry, and Congress.
Fortunately, the United States Government, the Corinthian Colleges company, and the student loan servicers came together to produce what’s commonly called the Corinthian Colleges Student Loan Forgiveness Program, which provides a route for having your Corinthian-related public and private loans forgiven.
For details on how to use the Corinthian forgiveness program, make sure to visit my page about it here.