Marinello was denied recertification due to serious violations including “knowingly requesting federal aid for student based on invalid high school diplomas, under-awarding Title IV aid to student, charging students for excessive overtime, and engaging in other acts of misrepresentation.” For students who were enrolled at Marinello, or withdrew within 120 days of its closure, there are two primary options available to addressing their outstanding federal student loans: apply for a closed school loan discharge or transfer their credits to another comparable institution.
According to the Department of Education website, a closed school loan discharge “is a 100% discharge of the Federal Direct Loans, Federal Family Education Loan (FFEL) Program loans, or Federal Perkins Loans you took out to attend the closed school.” To apply to a closed school discharge, you must complete a detailed application and return it to your loan servicer. Students who previously graduated from Marinello and were not enrolled at the time of its closure are not eligible for a closed school discharge of their loans.
The Law Offices of D.J. Rausa specializes in student loan debt resolution and the attorneys are available to discuss options and provide valuable assistance to address this serious student loan problem.