Free online event hosted by the Department of Financial Protection and Innovation features vital advice from state and federal organizations.
Student loan debt can be stressful, time consuming, and a huge financial burden. That’s why representatives from the Bureau for Private Postsecondary Education’s Office of Student Assistance and Relief will join the California Department of Financial Protection and Innovation and the U.S. Department of Education’s Federal Student Aid Division to team up for a free March 23 webinar to help Californians seeking relief.
Organization representatives will provide information and answers on loan-discharge options for Californians who may be eligible for:
- Closed School Loan Discharge—If the school you attend closes while you are enrolled or soon after your withdrawal, you may qualify for federal loan discharge, which removes your obligation to repay your loan under specific circumstances.
- Borrower Defense to Repayment Loan Discharge—If your school misled you or engaged in other misconduct in violation of certain laws, you may qualify for a borrower defense to repayment loan discharge. Your application will be reviewed by the U.S. Department of Education and, if approved, the department may discharge your federal student loan and may refund loan payments that have already been made.
- Other relief and recovery options, including California’s Student Tuition Recovery Fund which can help students with federal or private loans or who experienced other economic losses after attending a private postsecondary institution.