2) Madison is not having a good day. She is enrolled at Katherine Gibbs College and
just learned that it would be closing its doors for good. Days later, Madison also
discovered that the college's degree programs were not accredited, meaning the credits
she had earned would not transfer. The only silver lining for Madison is that she now
qualities for loan forgiveness due to a closed college or university. Which Cabinet
department should she contact?

Question

14-03-2022
Law

contestada

2) Madison is not having a good day. She is enrolled at Katherine Gibbs College and
just learned that it would be closing its doors for good. Days later, Madison also
discovered that the college's degree programs were not accredited, meaning the credits
she had earned would not transfer. The only silver lining for Madison is that she now
qualities for loan forgiveness due to a closed college or university. Which Cabinet
department should she contact?

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Tundexi Tundexi · Answer 1 · 2022-03-23T10:55:55+01:00

The Finance Cabinet department should be contacted by Madisson with a hope that she will get a loan forgiveness due to a closed college or university.

What is a loan forgiveness?

A loan forgiveness is when the loan program forgives the remaining balance on your Direct Loans after some monthly payments under a qualifying repayment plan.

Therefore, the Finance Cabinet department is most likely able to get the loan forgiveness done.