Loan Discharge Application school closure nelnet Form 2022-2024

Loan Discharge Application school closure nelnet Form: What You Should Know

It is very important that you read this application carefully. You need to make sure you fully understand what it will do for you.  It can be challenging to understand what this means for your current situation, but it's very helpful to know what it can do if the school you were attending closed, or you left. What Will It Do For Me: Closed School Discharge: Federal Student Aid In order to receive a closed school discharge (FSA Form 1098) under this policy, all the following conditions must be true: You were in attendance at a closed or consolidated school within the prior 120 months. You met all the following conditions (which must continue for the 3 years before the closing of the school): The school closed during the school's normal academic year. Your enrollment or attendance did not commence before the school's last day of classes. The school had a full-time academic load for more than 45% of the enrollment or attendance period. The school had a full-time academic load for 25% or less of the enrollment or attendance period. At the time you left the school, the institution served, within seven years immediately preceding the school's closing date, one (1) or more colleges, schools, or community colleges. This condition does not include an institution that has been closed for a period of time that exceeds four years. You were not in attendance at the school within the prior 3 years. You met all the following conditions (which must continue for the 3 years before the closing of the school): At the time you left the school, the institution served, within 7 years immediately preceding the school's closing date, one (1) or higher education-related institutions, or one (1) institution described in paragraph (c)(4)(i) through (iv) of this section, whether for credit or financial assistance. The school had a full-time academic load for more than 45% of the enrollment or attendance period. The school had a full-time academic load for 25% or less of the enrollment or attendance period. At the time you left the school, the institution served, within 7 years immediately preceding the school's closing date, at least thirty (30) degree programs or programs that primarily offered certificate, professional, associate's, baccalaureate, or other related degrees or diplomas.

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