Grand Canyon University Loan Forgiveness

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Predatory Practices at Grand Canyon University

Options now available for private and federal loan forgiveness

[/mk_fancy_title][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Grand Canyon University[/vc_column_text][mk_ornamental_title tag_name=”h3″ font_family=”none” font_size=”18″ ornament_style=”lemo-single”]

Grand Canyon University in Hot Water

[/mk_ornamental_title][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Under the Obama Administration, the Department of Education has been very hard on for-profit colleges. The tough new regulations have some of these for-profit colleges in hot water. One of these institutions is Grand Canyon University. Grand Canyon University is a private, for-profit Christian university located in Phoenix, Arizona, United States. GCU was founded in 1949 as a non-profit liberal arts college, and was purchased by Grand Canyon Education, Inc. in February 2004.

However, as most for-profit colleges who are more about money than their students, they only have a graduation rate of 8% considering the exceedingly high tuition rate of $24,600 annually, yet 13.8% of the students that have dealt with Grand Canyon University are now in loan default. Grand Canyon Universities tuition is higher than what federal loans generally cover, forcing many students to take out private loans from the school. During hearings in 2013, Sen. Tom Harkin, the Iowa Democrat who has been a fierce antagonist of for-profits, grudgingly praised the organization stating that graduates of the master and doctoral programs were faring well, due largely to the fact that many of these students entered their programs possessing significant experience in their fields. Moreover, Harkin went on to report that the percentage of Grand Canyon students who default on their loans within three years of entering repayment ranged from 1.7 to 3 percent from 2005 to 2008, a rate that was dramatically lower than the average not only for for-profit universities (17.1-22.6 percent) but also for all U.S. colleges (8.4 to 12.3 percent).

Grand Canyon University has been scamming students since the 1950’s who have higher hopes and dreams of a new degree and career. With a graduation rate of only 8% it means that there are 92% of students struggling to pay off a debt in which they have been pulled into programs under false pretenses. The worst thing a student can deal with is a loan which has gone into default and 13% of that 92% are in default is a troublesome statistic.[/vc_column_text][mk_ornamental_title tag_name=”h3″ font_family=”none” font_size=”18″ ornament_style=”lemo-single”]

STUDENT LOAN FORGIVENESS

[/mk_ornamental_title][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]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.

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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column css=”.vc_custom_1461089534925{margin-top: 30px !important;}”][vc_cta h2=”” style=”outline” add_button=”right” btn_title=”(800) 940-8911″ btn_color=”info” btn_i_icon_fontawesome=”fa fa-phone” btn_add_icon=”true” btn_link=”url:tel%3A%2B18444967767||”]The Department of Education has already been looking into Grand Canyon University’s practices. If you have studied at Grand Canyon University, you may be eligible for student loan forgiveness. If you were enrolled in one of these programs at Grand Canyon University and feel you may be victim of these predatory lending practices, give us a call today or fill out the form below to get started.[/vc_cta][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

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