News: Welcome to the Beta launch of the Student Loan Debt Forum on The College Investor.

  • November 20, 2017, 03:02:57 PM

Login with username, password and session length


Author Topic: Parent plus Loan  (Read 540 times)

donnaradford

  • Newbie
  • *
  • Posts: 1
    • View Profile
Parent plus Loan
« on: August 12, 2017, 06:46:33 PM »
My son went to  ITT Tech which has since been shut down by the government.  I was told I had to take out a parent plus loan for my son.  One of the many promises that ITT made was that they would help my son get a job in his chosen field after graduation.  This never happened. He graduated in 2015 and still does not have an IT job. 
My question is, am I still required to repay this loan or is there anything I can do to get it cancelled?  from what I am reading, I cannot be required to take our a loan, and I was pretty much told i had to.

thank you!

TheCollegeInvestor

  • Founder
  • Administrator
  • Sr. Member
  • *****
  • Posts: 376
    • View Profile
    • The College Investor
Re: Parent plus Loan
« Reply #1 on: August 13, 2017, 09:19:04 AM »
You have to repay the loan unless you qualify for Borrower Defense To Repayment and are approved for discharge as a result.

Learn about it here: https://thecollegeinvestor.com/18752/understanding-borrower-defense-repayment/

spar

  • Newbie
  • *
  • Posts: 2
    • View Profile
Re: Parent plus Loan
« Reply #2 on: October 16, 2017, 07:01:29 PM »
I've read that if an institution has been closed that loans were forgiven..But not how that works if he did graduate and it wasn't closed down while he was attending.