As a point to consider for your students. Be aware that while campuses are closing, this is NOT a system closure (ITT, Corinthian). The DOE has NOT provided guidance on loan discharge for campus closures in a system that maintains open campuses. It is HIGHLY doubtful the DOE will forgive loans in a system that remains open and provides options for students (online, other campuses). DCEH has not addressed this (I've watched the facebook videos of the CEO dancing around anything related to this issue). While the DOE might hold DCEH accountable for loan forgiveness...they don't have the cash to support it. Please tell your students to look at all options before they take the Loan Discharge wait and see option. Doubt that will actually be an option until the entire system collapses. Oh, the system will implode...just might take 6 months to a year. CONTACT THE DOE for Details. These kids have been screwed by DCEH...and EDMC...please don't let bad information screw them again.
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DCEH, unless they are going to repay all the money the students have already taken out, does not offer Loan Discharge. Only the USDOE can do that. Again, please don't provide students with options that are not an actual option yet. USDOE needs to determine access to loan discharge and they have not done that...and probably won't.
"They can withdraw and accept student loan forgiveness offered by DCEH."
http://www.kptv.com/story/38615844/students-search-for-new-education-options-as-the-art-institute-of-portland-announces-closure
They should also call the State Attorney General and see what they recommend.
I have a feeling this is setting up for a class action lawsuit.
The campus transfers ARE NOT as simple as the options originally presented to students. There's an open campus not far from my closing campus with many of the same programs. But, students are finding it hard/impossible to transfer into it due to gen eds not transferring due to a difference in accreditation (as well as some argument about credit hours that doesn't make sense to me) and some are being told because they have more than 25% of their program left, they can not transfer to the open campus.
Ironically, the closing campus and open campus have the same campus president who has always maintained as an argument for credits transferring/not transferring that it's always up to the individual institution to decide to accept credits.
Additionally, students should call State Agencies to check on what they can do for them...right?