Potential Federal Loan Forgiveness Due to Recent Closures
Could ICDC Be Secretly Closing?
What’s Happening At ICDC?
ICDC is a for profit school, well known for the day-time tv advertisements featuring Master P and Lil Romeo. But as they truly are seeing now, it requires more than the usual catchy rhythm to to perform a university. The Obama administration is especially hard-on for profit schools within the last few years, as demonstrated by the huge problem of for profit huge chain Corinthian Colleges. It seems today that ICDC is about exactly the same course. ICDC University was set up on Nov 13, 1995 as International Career Development Center, Inc., by Anna Berger, an teacher and CPA. The school focuses on providing entry level instruction programs for students of ages and livelihood stages.
A couple of days ago, we received a hint from a present employee of ICDC the school is planning to shortly declare its closure. We immediately looked up ICDC School, and located the following statement on their web site: “WE ARE NO LONGER ACCEPTING NEW APPLICATIONS FOR ENROLLMENT.” This appears to be a great indication the rumors are true about the closure of ICDC.
That is potentially great news for former students from ICDC College. As with Corinthian Colleges, when a big for profit school ends, several students can get their loans forgiven as a result of false promises produced by the school. Nevertheless, as we are seeing with students from Corinthian’s Everest, WyoTech, and Heald Schools, this can be a very long, drawn-out procedure. Normally it takes years for students’ debt to truly be wiped clean. Meanwhile, But there are programs available through the US government permsaing loan-forgiveness. In this instance, it’s in the very best interest of former ICDC students to pay as small as they can on their student loans until these loans are forgiven. That’s not saying that you must cease paying your student loans, that might get you in default, hurt your credit, and possibly result in wage garnishment. Nonetheless, depending on your own situation, you may well be qualified to register in a student loan-forgiveness program, during which period your student-loan repayments might decrease to only $0/month, with all the remainder of your loan forgiven after a specific amount of time. This is a truly win-win situation for students. In the event the government steps in and decides to totally wash the record clear for former ICDC students, which might just take a number of years, you’ll have paid $0/month the whole period awaiting the conclusion to be made. In case the government doesn’t determine to obvious former students’ debt, which will be totally possible, you’ll be at a reduced or $0/month repayment plan together with the remaining portion of the loans scheduled for pardon at the conclusion of the duration.
New programs have already been offered under The Obama’s student loan forgiveness program , but you have to work fast, as spaces are limited. In case you attended ICDC, give us a call at (800)940-8911 for those who have some concerns, also to see should you meet the requirements for student-loan forgiveness. ICDC will probably be declaring their closure in the not too distant future, and you should get a much simpler time entering any of these programs prior to the situation gets too hectic. In the event you’d rather, you can even leave your info on the form below this post plus among our student-loan advocates will contact with you within 24 hrs. GoodByeLoans is a business focused on helping students to locate relief in the load of student debt.
STUDENT LOAN FORGIVENESS
Student loan debt has reached an all-time high, and according to the Consumer Financial Protection Bureau, the total amounts to around $1.2 trillion. Goodbye Loans can help determine if you qualify for the student loan forgiveness as a result of the ICDC closure.
Goodbye Loans matches thousands of graduates with federal programs that are offered by The Department of Education to consolidate and lower their current Federal student loans. We help you take advantage of the latest regulations put in place by Congress and President Obama and potentially save thousands of dollars. Debt is hard to ignore. When you’re staring down a ballooning credit card balance and fending off insistent phone calls from angry creditors, it can be an all-consuming enemy.