Not really. A degree earned from a university, before the loss of accreditation, is certainly valid. There is nothing fraudulent about the degree. Do you actually have a college degree? It certainly is not a desirable situation and may require some explanation to potential employers. The situation may not be that much different than having a degree from a university that has closed. What happens to the school after you have attended/received your degree should not impact whether you are responsible for your student loans. I would certainly make sure I have a copy of my transcript. As you get older, it is typical that your documentable career accomplishments, publications, networking, etc. are more important than where you went to school. I have been on numerous selection committees. Where someone went to school was certainly looked at but it was by no means the only thing I looked at. If you are currently attending a university that is losing or has lost it's accreditation then you may have some issues. Transferring as soon as possible to another institution may be advisable. Accreditation can be lost for a number of reasons. To claim there is fraud involved without knowing the details is nonsensical.
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Originally Posted by OrangeBlossomBaby
If you got a loan for a major in Etruscan dance therapy, and when you look for a job in the field all the employers tell you "we don't honor degrees from THAT school anymore because that school no longer has accreditation with any educational organization and have been deemed fraudulent" - then you should not have to pay back the loan. The school should have to pay back the loan. They're the ones who have the money, who committed fraud, and cheated both the student and the lending group.
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