Closed School Loan Discharge

If you couldn't complete studies because your school was closed, you may not have to repay your Federal Family Education Loan (FFEL) programs loans.

Eligibility

Standards include:

  • You may be eligible if you were attending when the school closed, or withdrew no more than 90 days before closing.
  • You may also be eligible if you didn't receive a refund equal to the amount of loan(s) received for your program of study.
  • For a New York State discharge, you must have been attending when the school closed.
  • If you transferred credits or were offered a teach-out at another school, but did not complete a course of study, you may be eligible.
  • After learning that your shcool has closed, the lender or guaranty agency will send you a Closed School Loan Discharge Form if you are eligible.

If you think you're eligible, but don't hear from your lender, call HESC at 888-NYSHESC (888-697-4372). Contact the NYS Education Department at 212-643-4760 to see whether you're eligible for refunds for other money paid to the school on your behalf.