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Reading this, I'm actually not sure if Lambda implied the tuition wasn't dischargeable in bankruptcy when it actually is, or the other way around. If you sign u
by tunesmith 6y ago
Reading this, I'm actually not sure if Lambda implied the tuition wasn't dischargeable in bankruptcy when it actually is, or the other way around. If you sign up for Lambda and then go bankrupt, do you still have to pay them back?
- pseudalopex 6y agoThey implied it couldn't be discharged. It can apparently.
- hunterloftis 6y agoThey did more than imply that it was protected from bankruptcy; they made the claim directly in their contract with students: > ...a qualified educational loan…subject to the limitations on dischargeability contained in…the United States Bankruptcy Code.
- pseudalopex 6y agoYou're right. I said implied because of "subject to the limitations". But they claimed directly it was a qualified educational loan.