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The ITT Tech loan discharge bears similarity to the debt cancellation of students who attended Corinthian Colleges. In that case, the federal government erased about $6 billion in student debt for ...
She estimates the students’ claims at $7.3 billion, roughly the amount of student loan revenue ITT Tech took in over the past 10 years. Connor, who is also an attorney at the Project on ...
ITT Tech filed for bankruptcy in 2016 and closed all of its campuses around the U.S., which once numbered nearly 150. Tuesday's settlement comes more than a year after prosecutors announced a $168 ...
ITT Tech issued students “temporary credits” to cover remaining tuition after federal and private student loans were taken into account. Some former students said the credits were marketed as ...
An ITT Technical Institute campus in Rancho Cordova, Calif., is seen on Sept. 6, 2016. Students who used federal loans to attend ITT Tech as far back as 2005 will automatically get that debt canceled.
ITT Tech received about 83% of its revenue from federal dollars during the 2013-2014 school year, amounting to about $784 million, according to the most recent government data available.
Former ITT Tech students can get discharged from debt under the U.S. Department of Education, but the Department of Veterans Affairs lacks that authority.
Community and nonprofit colleges across the country are recruiting former ITT Tech students who face a tough decision: roll the dice on transferring credits, or lose them all for debt relief.
ITT Tech students are the newest victims of for-profit education failures. In September, for-profit technical institute ITT Tech declared bankruptcy and closed its 130 campuses, ...
In the wake of the school’s collapse, ITT Tech students have submitted more than 13,000 applications for federal debt relief, though only 33 have been approved, according to the legal aid group.
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