University of Phoenix Scam As alluded to before, the success of online degree programs is said mainly to its convenience for busy people and therefore the advent of the web era. So it stands to reason that the most growth in student population is driven by busy professionals with full-time jobs or busy people with full-time family obligations. Another trend like the expansion in distance education is that the growth in single parent homes. Online degree programs offer an excellent opportunity to single parents who might otherwise get trapped in poverty by full-time low paying jobs.
It is important to notice that different distance learning programs have different distance learning student requirements. for instance , some require that students visit the campus or a satellite campus a couple of times each semester, some require once per semester, some require only an initial college orientation, and a few don’t require that you simply ever tread on campus. However, most distance learning programs related to a campus allow you to go to the campus and meet with professors and deans.
Another common variation among distance education schemes is how they deliver course material and lectures. Some use mostly online text presentations. Some offer online multimedia presentations. Some have online login discussion areas. Some still will mail you audio or video tapes or DVDs.
Consolidation is not the only program available to federal loans which aid borrowers to repay the debt. There exist many repayment plans which create favourable conditions for the debtors, so that they can meet the obligations with their current financial capabilities.
One of such repayment plans is Standard Repayment. This plan requires a fixed payment per month so that the borrower can finish debt payments within ten years. This program aims to aid borrowers who have the financial capability to meet obligations, but they want to get rid of this best as soon as possible. Another program is a graduated repayment plan. It mostly benefits borrowers who pass through financial difficulties. Hence, this program requires low payments initially and then gradually increases the payments.
Debtors also mostly get the help of Income-Based Repayment plans because this program fits their revenue levels. For instance, the repayment plan is based on 10-15% of the discretionary income. In this way, borrowers can meet their obligations without enormous difficulties.
What about Private Loans?
Let’s quickly summarize the proposed University of Phoenix Loan Forgiveness options. The settlement that brought $141 million worth loan forgiveness was for the debt directly owed to the school. Federal loan borrowers could not benefit from the settlement. However, they still have opportunities such as Borrowers’ Defense to Repayment, other forgiveness and discharge programs. Even if the debtor cannot eliminate the debt, he/she can utilize consolidation or repayment plans to get rid of the debt by paying it back fully.
Private loans, in turn, do not qualify for these options. In general, there is no government-level forgiveness opportunity to cover private loans. Yet, there can be some options for such borrowers to at least gain some favours for their loan terms.