Of course. Are you wondering what benefits you have by receiving a closed school loan discharge?
Yes, I am.
Receiving a closed school loan discharge gives you several advantages.
Well, before we get into that, I need to know something. My old school closed down and I took the credits from there to my new program at a new school. The fact that my school closed wasn't my fault, but does that mean I'm ineligible for discharge of the loans I received at the closed school now?
No. ransfer of credits from the closed school to a completely different program of study at the new school does not disqualify you for discharge.
What if I received a diploma without completing the program? Does that make me ineligible?
No. Before closing, some schools may issue a diploma or certificate to students who did not complete the program of study.
What if I meet the eligibility requirements for a closed school discharge and want my loans discharged?
Then you should contact your loan servicer about applying for a closed school discharge now instead of waiting for three years to receive an automatic closed school discharge.
I see. And what should I ask for when contacting my loan servicer?