The agreement has been approved by the bankruptcy court.
- What is happening in the Decker College, Inc. bankruptcy?
- What if I have not received a letter releasing my loans?
- Where can I get a copy of the agreed order in the Decker College, Inc. bankruptcy?
- Can I get my loans forgiven?
- Will I receive money?
- Do I have to repay my federal loans?
- What if I attended Franklin Career Services?
- What if I was enrolled in a different program besides the AASD program (HVAC Science, Carpentry Science, Electrical Science, Plumbing Science)?
- How do I know if I had a loan with Decker College, Inc. that has been released by the agreed order?
- How do I make sure that the Office of the Attorney General has my correct contact information?
- What if I filed a “proof of claim” in the Decker College, Inc. bankruptcy?
- What if I transferred my Decker credits to another school?
- What if I obtained my loans prior to April 1, 2004?
- How do I get a copy of my Decker College transcript?
1. What is happening in the Decker College, Inc. bankruptcy?
The Commonwealth of Kentucky, Office of the Attorney General and the Trustee for the estate of the bankrupt debtor, Decker College, Inc., have entered into an agreement that if accepted by the Bankruptcy Court would provide relief for many of the students who attended Decker College, Inc. Click here to download a copy of the Agreed Order.
Here is how the agreement works:
a. If you had a loan directly funded by Decker College, Inc. after April 1, 2004 then that loan will be released and you will not responsible for that debt. This release is only for loans funded by Decker College, for students enrolled after April 1, 2004 in the AASD Program in HVAC Science, Carpentry Science, Electrical Science, Plumbing Science and also includes loans that Decker transferred to Wilson & Muir Bank & Trust Co. and Citizens Union Bank. If you have this type of loan, you should be receiving a letter from the Commonwealth of Kentucky, Office of the Attorney General and the Trustee no later than May 15, 2008 telling you specifically that your loan has been released.
b. If the bankruptcy trustee recovers sufficient funds, students enrolled in the AASD Program (HVAC Science, Carpentry Science, Electrical Science, Plumbing Science) after April 1, 2004 may be entitled to some money at some point in the future. Continue to check this website for information. Only students meeting the following criteria would qualify for money and that is only if there ends up being enough money in the Decker bankruptcy to pay Decker’s debts.
These are the criteria:
- The Student obtained his/her loans after April 1, 2004 to attend the AASD Program in HVAC Science, Carpentry Science, Electrical Science, Plumbing Science; AND
- The Student did not complete the Program he/she was enrolled in; AND
- The credits obtained while attending Decker were not transferred to another educational institution; AND
- The loan(s) obtained by the Student has not been forgiven, discharged, excused and/or released by the creditor, or, as the case may be, the federal government, except any Student who actually has paid off the debt shall be entitled to restitution for the amount paid by said student. For example, it is understood that students whose federal loans were dischargeable under federal law for reasons of closed school discharge, death discharge, and/or total and permanent disability discharge shall not be included in the Commonwealth’s Proof of Claim; AND
- The Student meeting the foregoing criteria must submit to the Commonwealth of Kentucky, Office of the Attorney General an Affidavit (in a form furnished by the Office of the Attorney General) and other supporting information that may be requested.
Again, students meeting these criteria will only receive money if there is enough money left in the Decker bankrtupcy. At this time, there is NOT enough money in the Decker bankruptcy to pay these claims. If money becomes available, the Office of the Attorney General will send out notices with affidavits and requests for information to all the students who may qualify. If you think you meet the foregoing criteria, you should visit this website on a regular basis to learn about new developments as they occur.
2. What if I have not received a letter releasing my loans?
If you DO NOT receive a letter releasing loans from the Office of the Attorney General and the Trustee, then it is likely that your loans for attending Decker were not directly funded by Decker College, Inc. If, however, you believe you had a loan directly from Decker College AND HAVE NOT RECEIVED A LETTER BY MAY 15, 2008, please contact the Office of Attorney General hotline at 1-866-545-9974 or e-mail the office at decker@ag.ky.gov and leave your name, address and telephone number, dates of your enrollment, the program you were enrolled in, and ask whether you had “a Decker loan that was released in the Agreed Order.” Due to the anticipated high volume of calls, your call will be returned within 5 business days.
3. Where can I get a copy of the agreed order in the Decker College, Inc. bankruptcy?
Click here to download a copy of the Agreed Order.
4. Can I get my loans forgiven?
Federal Loans
The Agreed Order between the Trustee and the Commonwealth of Kentucky, Office of the Attorney General does NOT “forgive”, release or discharge any federal loan. If you had a federal loan or a “federally guaranteed loan” then click here to learn about what types of federal loans are dischargeable or “forgiven” under federal law and what you need to do to get your federal loans discharged. Unless you know your federal loan(s) has been discharged by the federal government or forgiven or released in some other way, you should still consider yourself obligated to repay your federal loan. If you have a federal loan that has been discharged or qualifies for federal discharge (even if you have not taken the steps to get the discharge) you do not meet the criteria for receiving money under the Agreed Order.
The following information may be helpful to some students trying to find out who he/she owes loans to and how to get their federal loans discharged. A student can find out if they currently have a loan that is being serviced by Great Lakes at www.mygreatlakes.org 
. Also, a student can call Great Lakes about how to get their federal loan discharged at 1-800-236-4300. Students can contact EdFund to find out about how to get federal loans discharged at 1-800-367-1590. Not all federal loans (or private loans) are connected to these two institutions and there may be other guarantors or banks servicing federal (and private) loans.
Private Loans (loans not federally guaranteed)
If you had a loan directly funded by Decker College, Inc. for AASD programs after April 1, 2004 then that loan will be released and you will not responsible for that debt. This release is only for loans funded by Decker College, for students enrolled after April 1, 2004 in the AASD Program in HVAC Science, Carpentry Science, Electrical Science, Plumbing Science and also includes loans that Decker transferred to Wilson & Muir Bank & Trust Co. and Citizens Union Bank. If you have this type of loan, you should be receiving a letter from the Commonwealth of Kentucky, Office of the Attorney General and the Trustee no later than May 15, 2008 telling you specifically that your loan has been released.
Private loans from any other banks or lenders are not forgiven or released or discharged in any way under the Agreed Order. Unless you know your loan has been discharged, released or forgiven in some other way, you should still consider yourself obligated to repay that loan. However, if your loans meet certain criteria set out in the Agreed Order you may eventually be entitled to some money. Click here to learn more about possible money relief.
5. Will I receive money?
Click here.
6. Do I have to repay my federal loans?
Unless you know your federal loan(s) has been discharged by the federal government or forgiven or released in some other way, you should still consider yourself obligated to repay your federal loan. Click here to find out more about federal loan discharge.
The following information may be helpful to some students trying to find out who he/she owes loans to and how to get their federal loans discharged. A student can find out if they currently have a loan that is being serviced by Great Lakes at www.mygreatlakes.org . Also, a student can call Great Lakes about how to get their federal loan discharged at 1-800-236-4300. Students can contact EdFund to find out about how to get federal loans discharged at 1-800-367-1590. Not all federal loans (or private loans) are connected to these two institutions and there may be other guarantors or banks servicing federal (and private) loans.
7. What if I attended Franklin Career Services?
Students who were enrolled in Franklin Career Services are not covered by the Agreed Order entered in the Decker College, Inc. bankruptcy case.
8. What if I was enrolled in a different program besides the AASD program (HVAC Science, Carpentry Science, Electrical Science, Plumbing Science)?
If you had a loan from Decker College, Inc. that was either transferred to Wilson & Muir Bank & Trust Co. or Citizens Union Bank, then your loan will be released regardless of which program you were enrolled in. Otherwise, the Agreed Order only covers those students who were enrolled in the AASD Program in electrical science, plumbing science, HVAC science, carpentry science after April 1, 2004.
9. How do I know if I had a loan with Decker College, Inc. that has been released by the agreed order?
You should receive a letter from the Commonwealth of Kentucky, Office of Attorney General and the Trustee by May 15, 2008 stating that your loan has been released. If you do not receive such letter, then your loan may not have been a loan from Decker College and so may not be released by the Agreed Order. If you think you did have such a loan, but have not received the letter by May 15, 2008, you should contact the Decker College hotline at 1-866-545-9974 or send an e-mail to decker@ag.ky.gov stating your name, address, telephone number, dates of your enrollment, the program you were enrolled in, and asking whether you had “a Decker loan that was released in the Agreed Order.”
10. How do I make sure that the Office of the Attorney General has my correct contact information?
You may contact the Office of the Attorney General by calling the Decker College hotline at 1-866-545-9974 or sending an e-mail to decker@ag.ky.gov and leaving your name, address, telephone number, dates of your enrollment, the program you were enrolled in.
11. What if I filed a “proof of claim” in the Decker College, Inc. bankruptcy?
If you filed your own Proof of Claim and you had a loan directly from Decker after April 1, 2004, click here for more information. For other amounts asked for in your Proof of Claim you should contact the Trustee and not the Office of the Attorney General. In the Agreed Order, the Trustee has agreed to allow your claim up to the amount of loans you obtained to attend Decker College so long as you meet the following criteria:
- The Student obtained his/her loans after April 1, 2004 to attend the AASD Program in HVAC Science, Carpentry Science, Electrical Science, Plumbing Science; AND
- The Student did not complete the Program he/she was enrolled in; AND
- The credits obtained while attending Decker were not transferred to another educational institution; AND
- The loan(s) obtained by the Student has not been forgiven, discharged, excused and/or released by the creditor, or, as the case may be, the federal government, except any Student who actually has paid off the debt shall be entitled to restitution for the amount paid by said student. For example, it is understood that students whose federal loans were dischargeable under federal law for reasons of closed school discharge, death discharge, and/or total and permanent disability discharge shall not be included in the Commonwealth’s Proof of Claim;
Allowing your claim is the first step toward obtaining a refund, but does not guarantee you will receive money. There may not be enough money in the estate to pay everyone who is owed money. Also, it does not mean you will get back dollar for dollar all the money you borrowed to attend Decker. In the event the Trustee recovers enough assets for the estate, i.e. has enough money to pay on claims, you may get a portion, but not necessarily all, of the amount of your claim.
If you do not meet these criteria or if your claim is for more than the amount of your loans, you can still pursue your claim and the Trustee can object to your claim in the bankruptcy court.
12. What if I transferred my Decker credits to another school?
If you transferred your Decker credits to another school, then you probably would not be entitled to any money under the Agreed Order. If you filed a Proof of Claim, then you are free to pursue that claim in the bankruptcy court as you see fit.
13. What if I obtained my loans prior to April 1, 2004?
The Agreed Order only covers students who obtained their loans after April 1, 2004. If you filed a Proof of Claim, then you are free to pursue that claim in the bankruptcy court as you see fit.
14. How do I get a copy of my Decker College transcript?
If you want a copy of your Decker College transcript, you can contact the State Board of Proprietary Education at 502-564-3296.