Medtech College in the Washington, DC area has been denied recertification for eligibility to make or accept federal student loans.
According to the Department of Education (ED), “ED took this step after finding that Medtech significantly overstated job placement rates reported to its institutional accreditor, to the public, and to ED. In addition, Medtech made numerous misrepresentations as to the job placement of individual students; and it contracted with a third-party placement rate verifier without providing for required safeguards in the contract and failed to report that arrangement in direct contravention of ED’s regulations.”
The parent company of Medtech College, JTC Education Holdings has been requested to submit a larger letter of credit to continue participation in federal student loan programs.
on August 10, 2016 Medtech College stated they ceased operations at three locations in Maryland, Virginia, and Washington, DC.
On Aug. 24, 2016, Medtech ceased operations at their Lexington, Kentucky, campus and corporate officials announced that instruction would cease on the Indianapolis, Fort Wayne and Greenwood, Indiana, Medtech campuses and at Radians College on Sept. 16, 2016.
If you were attending a Medtech or Radians College campus that closed or planned to cease instruction on Aug. 10, Aug. 24 or Sept. 16, 2016, or if you withdrew from one of these schools within a period of 120 days prior to these dates (as appropriate based on your campus), you have two primary options:
Apply for a closed school loan discharge or transfer earned credits to another institution to continue your education in a comparable program.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.