What happens if my school closes?
Borrowers are still responsible for the repayment of their loan, even if their school closes. It is the responsibility of the school to fulfill agreements between the school and student. Please refer to your school’s policies and agreements, and contact your school if you believe you are owed a refund. If you are owed a refund by your partner school, the refund transaction will be made to Ascent in the amount of the refund due (but in no event greater than the original loan amount). If you are having trouble getting in contact with your school, you may want to contact the state regulator associated with your school. Each state has their own policies regarding Career Schools (sometimes called Private Postsecondary Schools), these policies sometimes include relief for students impacted by school closures. Examples of state regulators:
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California Bureau for Private Postsecondary Education https://www.bppe.ca.gov/
Texas Workforce Commission https://www.twc.texas.gov/programs/career-schools-colleges
Florida Commission for Independent Education https://www.fldoe.org/policy/cie/
Virginia State Council of Higher Education https://ppe.schev.edu/
Washington Workforce Training & Education Coordinating Board https://wtb.wa.gov/private-career-schools/student-resources/
