does anyone know what i can do to leave the school now and not have to pay my loan back? what the process is? i need help. this is only my 2nd quarter hear and i want to go to a different school what can i do? Thank You!
12 replies (most recent on top)
FA - Only 40k with daily compounded interest and a 30% surcharge a year later when they can't find a job, plus fees and garnishments whenever if they do finally end up finding a decent job down the road. 40k turns into 100k pretty fast with unilaterally applied fees and interest that can't be fought or removed.
I agree! Join the Corinthian Debt Collective and fight for your rights:
https://debtcollective.org/studentstrike
Exaggerate much 322?
Maybe a quarter Mil for med school, but only $40K for good ol' Heald Concord!
Nothing you can do. You signed. You are now Heald Strong.
182 - Did you even read what you wrote.. I get so fing depressed when I look at the dysfunction when it comes to higher education. Most of these students are ONLY going because every industry in their home has been laying off or offshoring since the 70s, and yet for some misguided reason a huge swath of society thinks the right answer is pouring tons of debt into some degree that no employer will hire you with without experience. Most fields do not give good wages until at least 10 years in, meanwhile ten million students are stuck with monstrous payments they will NEVER be able to afford that just compound by the day. This is nonsense and I can't believe our founding fathers would be proud of how far this nation has fallen in the last 40 years compared to all of our peers. The world used to look up to the USA, now we're 40th place in everything and its largely because of nonsense like this. Who the f ever thought charging dirt broke 23-24 year olds a quarter million dollars at high interest rates for job training was a good idea? Who ever thought that was sustainable? Does nobody even study math anymore? Does nobody realize that very very few people can pay back a thousand dollars a month for decades?
Student: Please be very careful and do your homework, or you could find yourself without relief for those loans. I would not just leave right now unless you are told by an authority (and I do not mean at your campus either) that it's the right thing to do. Here are some resources--please call right away and talk to people who will tell you what to do BEFORE you make any rash decisions. I am so very sorry that you are having to deal with this, but if you are serious about getting an education, you will do it, even if not at Heald. Good luck to you and hang in there.
http://www.bppe.ca.gov/students/corinthian_colleges.shtml
https://oag.ca.gov/consumers/general/corinthian-colleges
http://oag.ca.gov/consumers/general/consumers_cii_faqs
http://www.csac.ca.gov for Cal Grant
And here is what the Attorneys General in nine states (including Kamala Harris from California) have said about your debt:
http://www.ocregister.com/articles/corinthian-657436-students-general.html
063 nah! you're a cunt
Join the Corinthian 100 @ https://debtcollective.org/
We are going to get our money back! Join and you can too!
You are part of a teach out. It's all over. It will only get worse from here.
This is a large part of why people end up with large balances. When a single year costs $15k-25k, you get a year in and decide the field sucks or you want to change and you are already stuck with $150 payments for 10 years. I was 3/4 through when the recession of 2008 hit and ended up graduating at the worst possible time when nobody was hiring for over a year. Even when people find a job, wages are down 10% from 2000 in almost every field.
055 No. The bandwagon is already overloaded and about to capsize. Any more additional weight of students that failed to do research upon entering to that school will be left behind. ;)
If you leave, you'll still have a loan. If you're enrolled and the school shuts down, you can enter the loan forgiveness program.
*here sorry.