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Art Institute student loans are a nightmare. Don’t get us wrong. Student loans can be an excellent investment for your future, or an outright burden for the rest of your life. If it were not for the Art Institute lawsuit, thousands of people would be paying their student loan debt for their entire career.
Student debts have reached a peak in the US. “An estimated 40 million people owe on an average balance of $29,000,” according to credit reporter, Experian. Another report by the National Association of Realtors in 2018, said that 83% of people aged 22 to 35 with student debts blamed the cause on student loans.
That same year in October, there was an Art Institute lawsuit by former students from Art Institute of Colorado and Illinois Institute of Art against the department and Education Secretary Betsy DeVos. They accused the agency of providing loans, although the Education Management Corporation, a company that owns Art Institutes, knew they were not eligible to pay. But the arrival of the Art Institute lawsuit has given a voice to the Art Institute students and enabled them to progress in life.
If you have an Art Institute student loan, you should know that you’ll be making payments for the rest of your life (unless you manage to pay off the debt). One way to get rid of the debt is to apply for Art Institute student loan forgiveness. Don’t worry; this article will guide you through the process to help you pay off your debt safely.
Source: https://www.forgetstudentloan.com/art-institute-student-loan-forgiveness/