My college closed after i graduated, what can you do? Here are some options for you. If your college closed down after you graduated, you should contact the new school and ask if your credits will transfer. If so, you’ll need to make sure that the school is still accredited, and that you update your FAFSA with your new institution’s information. Otherwise, you may need to repay your federal loans.
Listed Below Are A Few Of The Options Available For Loan Forgiveness
You can still apply for a discharge if you attended the closed school and withdrew more than 120 days before it closed. However, the time limit may change in the future. Under new rules, the government will be able to extend this period if the college is closed after July 1, 2020. This is important to note, as legal challenges and other factors could change the rules. However, the rules are not yet final and should be followed carefully.
When a college closes, it is necessary to work with federal and state officials to find another institution to provide the same education. The Department of Education has a list of teach-out schools, which have the same accreditation standards as the college. But critics argue that these are often for-profit colleges that are only out to make a profit from tuition. If this happens, students might have to settle for a lower-paying job. Likewise, it could encourage children not to focus on higher education.
