If my school closes, am I eligible for a closed school loan discharge?

Yes, you may be eligible for a 100-percent discharge of your Direct Loans, Federal Family Education Loan (FFEL) Program Loans, or Federal Perkins Loans you have taken for your program under either of these circumstances:

-Your school closed while you were enrolled, and you didn’t complete your program because of the closure. If you were on an approved leave of absence, you’re considered to have been enrolled at the school.

-Your school closed within 120 days after you withdrew.

https://studentaid.ed.gov/sa/about/announcements/dream-center

Comment! It's anonymous!

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@XQIgoEB-lbn

guess plagiarism doesn't count for closing schools

It's like we can't search this ourselves.

If I enroll (by transferring academic credits or hours earned from my closed school) in a comparable program at another school for the purpose of completing the program for which a loan was made at my closed school, can I still receive a closed school loan discharge?

No. You may not receive a closed school loan discharge if you completed or are in the process of completing a comparable program of study at the new institution.

How can I transfer my credits to another school?

You may want to visit CollegeScorecard.ed.gov to explore transfer options and find the program that’s right for you. Contact individual schools for transfer credit or hour policies. If you do transfer into a comparable program offered by another school, that school will evaluate your transcript, course work, and hours completed in the subjects covered in your course of study, and will decide how much credit to give you for the work you’ve already completed, as well as identify the coursework you need to complete your program of study. It is up to the new school to decide how much credit you would receive for classes you have already completed.

Thread regarding Dream Center Education Holdings, LLC (DCEH) layoffs

If my school closes, am I eligible for a closed school loan discharge?

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