Higher Education system in Florida state:
For access to higher education, Florida’s colleges remain the primary. A large number of state’s high school graduates i.e. about 65 % began their postsecondary education at a Florida college, and out of 28 colleges in Florida, about 82% of freshman and minority students attend public higher education in any one of these colleges.
Dual Enrolment programs / Honors attract some of the best and brightest minds and the colleges’ open-door policies allow students who need remediation to get the skills they need for college-level courses. Many FCS students are the first in their families to attend college. Most adult students pursue courses in these colleges for personal and professional development or to prepare for a new career.
2. State University System of Florida
There are 12 universities with more than 300,000 students, 60,000 faculty and staff, and an annual operating budget of more than $8.5 billion.
Under Article IX, Section 7 of the Florida Constitution was amended in 2002 and as a result, the Florida Board of Governors (17) was created in 2003 to operate, regulate, control, and be fully responsible for the management of the entire system consisting of 12 public universities, ensuring the well-planned coordination and operation of the system.
3. Independent Education Commission
The Commission for Independent Education has statutory responsibilities in matters relating to non-public, postsecondary, and educational institutions. In keeping with the Florida Department of Education’s goal of producing a seamless educational system, some of these functions include consumer protection, program improvement, institutional policies and administration, data management, and the licensure of independent schools, colleges, and universities.
The Florida Department of Education, Office of Student Financial Assistance (OSFA) serves as a guarantor for the Federal Family Education Loan Program (FFELP) and the administrator of Florida’s scholarship and grant programs. The OSFA’s mission is to facilitate higher education access and services by providing exemplary customer attention, comprehensive financial aid information, and convenient and efficient products.
Career and Adult Education is designed to meet the needs of the customers, which include students and business/ industry. This area represents a significant collaboration and partnership across both private and public sectors throughout the state of Florida to improve Florida’s workforce. Career and Adult Education is delivered to our customers through a network of service providers, which includes District Technical Centres/Colleges.
New Law Endangers the Quality of Florida Higher Education
Florida Governor and Florida’s Republican-controlled legislature have passed a flurry of controversial laws, including the so-called “don’t say gay” bill. A law that has drawn less attention makes technical changes to how Florida’s public colleges and universities work with accrediting agencies and non-profit organizations that verify the quality of colleges and decide whether students can pay for their schooling using federal financial aid. The changes could undermine the ability of accreditors to protect students from poorly performing colleges, leading to poorer outcomes for students, fewer college graduates, and more student loan defaults.
The law requires colleges and universities to seek a new accrediting agency every 5-10 years. The law also allows those institutions to sue accreditors if they are “negatively impacted by retaliatory action taken against postsecondary education institution by an accrediting agency or association.” As part of their job, Accreditors are required to tell institutions if the education they are providing is not good enough. Taking actions that could negatively impact an institution ensures that students do not attend low-quality programs.
Functions of Accreditors:
- To ensure institutions provide an acceptable quality of education.
- Ensuring that students have sufficient academic support and that students are actually graduating from the school.
- Encouraging institutions to constantly hop from one accreditor to another, potentially allowing them to hide poor quality education, is terrible for students.
- Ensure that colleges and universities can operate free of political interference.
- To protect students by ensuring that the programs they enroll in provide quality education.
- Ensures that students can receive federal financial aid (Pell Grants and federal student loans), something not available to students attending an unaccredited institution.
Since accreditors help ensure school quality, accreditors would be derelict in their duty if they did not sometimes take actions that might negatively impact an institution. For example, a for-profit college in Florida was once found guilty of using strippers to induce students to enroll in programs that provided poor education, all to ensure that college could get the students Pell Grant and student loan dollars.
Public colleges, thankfully, have rarely acted as poorly as this. But, making it harder for accreditors to hold institutions accountable makes it more challenging to keep educational standards up and political influence out of Florida higher education. If warning schools and students about areas of concern could lead to legal action, it will hinder accreditors from doing their job effectively.
How will this impact students?
Students rely on their school being accredited. Without that, they might not be able to access financial aid, transfer credits to other institutions or have their undergraduate work be accepted as adequate for graduate school applications. Some professional licensing boards will not allow graduates from unaccredited programs to sit for licensure; the ramifications are almost endless.
If you’re like most college graduates, you left school with a substantial amount of debt. According to the Federal Reserve, adults in 2019 who had college debt typically owed between $20,000 and $24,999.
For those struggling with student debt, loan forgiveness or loan discharge can sound like a dream come true. However, these programs are only available for federal student loans, not private ones, and the qualification requirements can be rigorous.
What is Student Loan Forgiveness or Discharge?
The U.S. Department of Education offers several forgiveness and discharge programs for federal student loans. You may qualify to have some or all of your loans forgiven or discharged in certain situations.
While the terms student loan forgiveness or cancellation and loan discharge are often used interchangeably, they’re actually very different from one another.
You may qualify for student loan forgiveness or cancellation based on your qualifications, such as your career path. Or, you may be eligible for loan discharge based on circumstances beyond your control, such as becoming totally and permanently disabled.
Four Student Loan Forgiveness Programs:
With student loan forgiveness programs, you typically make payments for a set period. After you meet the forgiveness programs’ requirements, the remaining loan balance is cancelled.
- Income-Driven Repayment Forgiveness
This forgiveness is a good option if you cannot afford your payments under a 10-year standard repayment plan. With this approach, you enter into an IDR plan, which bases your monthly payment on your family size and discretionary income. Depending on your situation, you could qualify for a much lower monthly payment than you’re making now.
Your repayment term maybe 20 or 25 years, depending on what plan you choose. If you still have a balance at the end of your repayment period, the remaining amount is forgiven. However, the canceled loan amount may be taxable as income. You can apply for an IDR plan online or by contacting your loan servicer.
To qualify for IDR plan forgiveness, you must be eligible for one of the following IDR plans and have a balance after making payments for the full repayment term:
- Income-based repayment
- Income-contingent repayment
- Pay As You Earn (PAYE)
- Revised Pay As You Earn (REPAYE)
- Perkins Loan Cancellation and Discharge
If you have Perkins loans—the last of which was issued in 2018—and work in public service, you may be eligible for partial or full loan forgiveness. Depending on your position, you could have up to 100% of your loans forgiven within five years.
3. Public Service Loan Forgiveness (PSLF)
Under this Program, some federal loan borrowers can have their loans forgiven after 120 monthly loan payments.
To qualify, you must work for an eligible non-profit organization or government agency full-time while making 120 monthly qualifying payments. Payments made under an IDR plan count as qualifying payments for PSLF.
The loan balance forgiven through PSLF is not taxable as income.
4. Teacher Loan Forgiveness
With this Program, you can qualify for up to $17,500 in loan forgiveness if you teach full-time for five full and consecutive academic years in a low-income elementary or secondary school or educational agency.
Borrowers with the following loan types are eligible:
- Federal direct unsubsidized (alternatively referred to as unsubsidized Stafford loans).
- Federal direct subsidized (alternatively referred to as subsidized Stafford loans).
- Only teachers of certain subjects, such as mathematics or science, are eligible for the full $17,500 of forgiveness. Teachers of other subjects may qualify for $5,000 of forgiveness instead.
- To apply, submit the application for this program to your loan servicer after completing five years of service.
The Biden administration has launched a new tool to help borrowers determine whether they may qualify for student loan forgiveness based on their public service jobs. The new tool arrives just as a key loan forgiveness expansion is about to expire.
Expansion of Student Loan Forgiveness Through PSLF | Keiser University Loan Forgiveness
The Public Service Loan Forgiveness (PSLF) program can provide federal student loan forgiveness for borrowers who devote 10 or more years of their career to public service work. First established in 2007, the program has historically been governed by strict eligibility rules; only Direct federal student loans qualified, and only payments made under certain kinds of repayment plans would count towards student loan forgiveness.
Last October, the Biden administration temporarily relaxed these rules through the Limited PSLF Waiver. The administration went even further last April, allowing even more past loan periods to count towards PSLF. Taken together, these changes have dramatically expanded want can count as a “qualifying payment” towards student loan forgiveness under PSLF to include most past periods of repayment, as well as some past periods of deferment and forbearance. The changes are temporary, however, and the Limited PSLF Waiver is set to end on October 31, 2022.
Largely unchanged are the employment requirements for PSLF. Qualifying employment, for purposes of PSLF, means full-time, W-2 employment for a domestic public entity or a 501(c)(3) non-profit organization, or part-time for multiple qualifying PSLF organizations if your combined hours are at least 30 hours per week.
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Keiser University Loan Forgiveness
Keiser University continues to be a valuable partner to employers, the community, and, above all, a valued choice for students serious about their education and career. Keiser University Offers Day, Evening, or Online Classes to Accommodate Schedule
Keiser University is Institutionally Accredited and Has Program-Specific Accreditations
Maintaining accreditations means the highest quality standards. This ensures students to receive the best possible education.
Keiser University is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award certificates and degrees at the associate, baccalaureate, masters, specialist, and doctoral levels.
Financial Services: Keiser University Loan Forgiveness
Keiser University has been approved as an eligible institution by the United States Department of Education to participate in Federal Financial Aid Programs. Please note students must be citizens or permanent residents of the United States to be eligible for Federal funding.
Keiser University participates in the federal student loan program which allows students and their parents to borrow money to help meet their educational costs. Educational loans MUST BE PAID BACK with interest. Repayment begins 6 months after a student graduates or is no longer enrolled at least half time.
The William D. Ford Federal Direct Loan Program
Direct Loans are low-interest loans and the lender/servicer is the U.S. Department of Education (the Department). The William D Ford Direct Loan Program offers the Direct Loans listed below:
- Subsidized Direct Loan
These are loans for undergraduate students with financial needs. Interest is not charged during in-school, deferment, and grace periods. The interest rate on Federal Direct Subsidized loans borrowed between July 1, 2022 – June 30, 2023, is 4.99%. If a student qualifies, the maximum amount of a Subsidized Stafford Loan is $3,500 for first-year students, $4,500 for second-year students, and $5,500 for third-year and fourth-year students.
- Unsubsidized Direct Loans
Loans for both undergraduate and graduate students that are not based on financial need. Interest is charged during in-school, deferment, and grace periods. The interest rate on Federal Direct Unsubsidized loans borrowed by undergraduate students between July 1, 2022 – June 30, 2023, is 4.99% for graduate/professional students is 6.54%. Interest is charged on this loan from the time the loan is disbursed until it is paid in full.
If allowed to accumulate, the interest will be added to the principal amount of the loan and increase the amount to be repaid. If a student qualifies, the maximum amount of an Unsubsidized Stafford Loan is $6,000 for first and second-year students, $7,500 for third and fourth-year students, and $20,500 for graduate students. Award amounts are dependent upon a student’s dependency status on the Free Application for Federal Student Aid.
- Federal Direct PLUS Loan
These are low-interest loans available to parents of dependent undergraduate students and graduate and professional students. It is an affordable, low-interest loan designed to help students and parents pay for a college education. Interest accrues on the Direct PLUS Loan from disbursement until it is paid in full. A mandatory credit check is completed as eligibility for this loan depends upon the borrower’s credit worthiness. Repayment of principal and interest begins 60 days after the loan is disbursed. The interest rate on Federal Direct PLUS and Grad Plus loans borrowed between July 1, 2022 – June 30, 2023, is 7.54%.
Student Loan Management: Keiser University Loan Forgiveness
- Repayment Options
- Deferment Options
- Forbearance Options
- Your Rights and Responsibilities
Private Loans: Keiser University Loan Forgiveness
Keiser University does not make any recommendations regarding lender selection for Keiser University Loan Forgiveness. Lender terms and eligibility change from time to time and while all the lenders listed below currently provide loans to the students; they may not always do so.
Private student loans should only be considered after applying for federal financial aid. Private student loans are available to students who have exhausted all other avenues of obtaining funding and who need additional assistance beyond their financial aid eligibility. These loans are not subsidized or guaranteed by the federal government.
Students are encouraged by their cosigners to review each lender on their own and decide on the lender of his/her choice. You must review the lender’s terms, conditions, and eligibility requirements before applying for Keiser University Loan Forgiveness.
Lenders that our students have used in the past are listed in alphabetical order. We do not indicate any rank or preference. Students may choose to borrow from one of the lenders listed below or from any other lender. Contact the lender for specific terms and conditions regarding Keiser University Loan Forgiveness.
Keiser Loan Lender List
|S. No.||Lender||Apply Here|
|1||Ascent Funding||Apply Now|
|2||Education Finance Loan||Apply Now|
|3||SoFi Private Student Loans||Apply Now|
|4||Cu Students||Apply Now|
|5||Custom Choice||Apply Now|
|6||College Ave||Apply Now|
|7||Discover Student Loans||Apply Now|
|8||Mosaic / Richland Bank||Apply Now|
|9||Sallie Mae||Apply Now|
|10||Union Federal||Apply Now|
|11||Bank of Lake Mills (International Students)||Apply Now|
|12||Bank of Lake Mills (Traditional Students)||Apply Now|
Problems of Students: Student Loan Forgiveness | Keiser University Loan Forgiveness
You entered the University with high hopes to get an education and live a better life. You wanted to make your and your beloved ones’ lives easier. However, you ended up with high debt, around $40,000. This scenario is actual for many graduates of Keiser University. Therefore, many students suffer from an enormous debt-to-income ratio.
Nevertheless, there is a high probability that you can get part or all of your loans forgiven. Keiser University class action lawsuit put it the target of governmental scrutiny. Even, another Keiser University lawsuit claimed the organization misused federal loans and provided false information. These conditions are enough to be a reason for student loan forgiveness. You are not destined to suffer from loan payments.
Keiser University, located in Florida, is specialized in providing educational services at bachelor’s, master’s, and doctorate levels. In 1977, the current chancellor of the University, Aurthur Keiser established a carrier school with his mother. The original aim was to prepare people for jobs in the business and healthcare fields. With the addition of extra award programs, the school transformed into an institute, college, and University, subsequently. Though it seems successful, one of the most popular things about the University is the Keiser University class action lawsuit.
Students made many complaints about credits, accreditation, or costs of the University. Keiser University’s lawsuit led to an investigation in 2010. The University was responsible for misconduct. Besides, its huge costs left many graduates with substantial student loans. Therefore, if you also were a student of Keiser and have a loan, you can benefit from student loan forgiveness. As one of the conditions is proving the mismanagement of the organization, you will be advantageous in your claim.
Keiser University has been a controversial educational center since 2010. Keiser’s lawsuit made the Attorney General’s Office investigate this previously for-profit organization in the last decade. When the Keiser University class action lawsuit started in 2010, it was a for-profit organization. Both on state and federal levels, the University faced severe examination. It all began when the national report of the Government Accountability Office unveiled broad complaints and dissatisfaction with university procedures. For instance, they claimed that universities’ admission counselors mislead students. They offered student loan help and ensures that students do not need to pay federal loans. Also, they made them lie in the loan process.
Besides, the University was responsible for deceiving students about their accreditation. Keiser University was not a direct party to that report. However, a massive scandal about for-profits put the Keiser University class action lawsuit on target, too.
As a result, Keiser was on the list of thirty education centers that were investigated and blamed for misusing federal loans given to students. They wasted around $30 billion in governmental aid because those thirty universities stimulated first-year students to rely on federal loans. Keiser University’s lawsuit declared that the University convinced them to pay high tuition fees with loans taken from the government.
These students suffer to make a student loan repayment. Besides some people also claimed that University became not-for-profit to be able to avoid taxes and strict regulations. Other students accused the University of lying about the cost of taking loans or accreditation. The transfer of credits to another university was also a controversial issue at the educational center.
As expected, the university officials, including the founder, rejected all claims. They did not admit any misconduct or malpractice. They insist that the report of Accountability is biased and overgeneralizes all educational centers in the sector. However, in the end, they agreed to obey the changes required as a part of consumer protection. These changes also apply to Everglades and Southeastern Universities. Everglades is the organization that merged with the University after University lawsuit.
After two years of scrutiny and long discussions, the University took responsibility as required in the Keiser lawsuit. They agree to retrain former students who withdrew during the last two years entirely for free. The reason for withdrawing should be dissatisfaction with the university services to be eligible for retraining.
The organization ensures its admission counselors do not lie or manipulate the University’s offerings. The University cannot utilize full accreditation as a promotional tool. Besides, they cannot pressure students by claiming that the places are limited or highly demanded. Keiser should inform students that their credits might not be transferable if they want to continue in another educational organization.
After the gainful employment program of the Obama Administration, Keiser University became a non-profit organization. The program aimed to cut off funding that career training centers received. The reason was that students were unable to pay high costs for these programs. However, a non-profit organization could get funds created by taxes entirely, while a for-profit one could get 90% of them. Besides, not-for-profit universities could enjoy benefits like tax exemptions. Some people, like the deputy undersecretary of the Department of Education, claimed that the administration uses university revenues and student loans for personal gains. We cannot surely say whether Keiser University switched from for-profit to non-profit, but this issue led to some skeptical criticisms.
Debt rates: Keiser University Loan Forgiveness
The debt rates of students at Keiser University are so high that it is not surprising why it has many lawsuits. More than 70% of undergraduate students paid their fees with federal loans. Their amount of debt of them, on average, is around 10,000$. However, the average student loan debt rate is almost 700$ for first-year students. We can conclude that the University offers aid packages to motivate students to enter, and then get higher fees from returning students.
When a student graduates, he collects around 40000$ in debt. Besides, the default rate of student loans is more than 13%. You can be able to compare it if you know that at the national level, this number is just 7%. When students cannot make a payment for 270 days, then the student loan debt is considered a default.
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