CLOSURE OF SOUTHEASTERN UNIVERSITY
Options now available for private and federal loan forgiveness
Southeast Bound and Down
The school lost its accreditation in april, 2009 and it is speculated that it may have been using predatory lending practices to hook unsuspecting students in.
Though it was a non-profit college, former students still suffer from the closure of a school for which they almost undoubtedly took out loans to attend. Everyone knows that for-profit colleges practice predatory lending at an unnervingly large rate, but did you know that former students of non-profit colleges can qualify for student loan forgiveness as well?
Regardless of whether a company is profiteering outright or behind closed doors, you can bet that the pay of the faculty is raised per capita of the student body. This means that some schools give more attention to the number of students attending and not the quality of the education given nor of the degree earned.
Some tech startups, like Goodbye Loans, work to assist students who’ve had a poor educational experience at non-profit and for-profit colleges alike with their federal and private student loans. “We understand exactly how hard it can be to cope with looming debts in the face of a struggling economy, and we’ve taken the time to thoroughly examine the systemic options of optimized repayment and/or loan forgiveness, so that you can take the shortest path to moving forward. This is by no means an intention to slander or defame colleges like Southeastern University in any way. There are enough credible sources that we felt prompted to take action and offer our insights to any student faced with overwhelming debt or institutional injustice.”
What is arguably the national crisis of total student loan debt currently exceeds 1 trillion dollars, according to a report by the Consumer Protection Bureau, and there have been widespread government initiatives to provide the opportunity for partial or total student loan forgiveness, as well as entrepreneurial social movement to provide real expediting services (at affordable prices for all), in the interests of restoring the balance of our economy.
GoodbyeLoans.com is one service that helps students navigate the options and programs offered by the Department of Education, and provides real guidance for pursuing consolidation, reduction, and even total forgiveness of both federal and for-profit student loans.
Because forgiveness applications can be so complex, services like GoodbyeLoans.com provide a badly needed service to the thousands of Americans suffering from crippling, and in some cases unjust, student loans. GoodbyeLoans.com’s core staff are dedicated young entrepreneurs, committed to providing a “smart fix” to this national problem, offering “no-strings” consultations, affordable pricing, and swift resolution. With more solutions-oriented services like GoodbyeLoans.com entering the market place, it will be interesting to see what can be done about the national student loan debt, as well as the closure and lending practices of colleges like Southeastern University, accused by students of predatory practices and facing increasing transparency.