Submit an Offer in Compromise

Tips for Submitting an Offer in Compromise

Colleges and Universities don’t typically settle on outstanding balances the way other creditors might such as credit cards or medical debts. Your institution may however entertain an offer in compromise when accompanied by mitigating circumstances. Mitigating circumstances might include:

  • A need to leave school early due to a personal or family illness
  • A personal financial hardship
  • You didn’t benefit from your education, leaving school with a less than average grade point average
  • You have an ongoing disability
  • You are unable to gain employment in the field in which you are trained for

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