News
Former Students Fight for a Stake in ITT Educational Services Bankruptcy | Washington Post
Creditors, federal regulators, state attorneys general and jilted employees of ITT Educational Services have laid claim to the remaining assets of one of the nation’s largest for-profit college operators in bankruptcy court.
Former ITT Tech Students Sue To Be Included In Bankruptcy Proceedings | Consumerist
A group of former students who were stranded in September by the sudden closure of all ITT Tech campuses, have filed a lawsuit [PDF] against parent company ITT Education Services in the hopes of providing thousands of their fellow students with a portion of the now-defunct school’s assets.
Former Students Fight for a Stake in ITT Educational Services Bankruptcy | The Washington Post
Creditors, federal regulators, state attorneys general and jilted employees of ITT Educational Services have laid claim to the remaining assets of one of the nation’s largest for-profit college operators in bankruptcy court. Absent from the line of those seeking redress, however, are the thousands of students who say they were defrauded by the chain. That is, until now.
The U.S. Government Is Collecting Student Loans It Promised to Forgive | Bloomberg
The Obama administration has been actively seeking loan payments from thousands of former students eligible for a debt-forgiveness program.
Elizabeth Warren Trains Her Sights on a New Target | Bloomberg
The U.S. Department of Education’s debt collectors may be violating the law by collecting on defaulted federal student loan debt that’s likely invalid yet owed by "vast numbers" of defrauded for-profit college students, Senator Elizabeth Warren (D-Mass.) charged Thursday.
Education Dept. Is Sued Over Debt Collection From Former Corinthian Students | The Chronicle of Higher Education
A former student of the defunct Corinthian Colleges Inc. is suing the U.S. Education Department to ”halt the certification of all Corinthian-related debts,” as a U.S. senator wrote to the department asking why it was collecting such debts.
Elizabeth Warren Says Government is Forcing Student Borrowers to Pay ‘Fraudulent Debts’ | MarketWatch
Tens of thousands of borrowers who were victims of fraud by their college are losing their tax refunds, Social Security benefits, and facing other debt collection practices over their student loans, according to Senator Elizabeth Warren.
A Poor Defense of ITT Tech | The Washington Post
The Sept. 11 editorial “Shuttering an option for students” asserted that ITT Technical Institutes were the victims of unfair federal aggression when, in reality, they were for-profit colleges providing value and innovation by serving nontraditional students.
After ITT’s Demise, More Trouble Is Likely for For-Profit Colleges | The Chronicle of Higher Education
Pending rulings, politics, and the economy are among a number of factors still playing out that could have ramifications for all or part of the sector.
New England Institute of Art Students Storm Campus to Deliver Demand Letter | Debt Collective
On Wednesday students who attended predatory for-profit college, the New England Institute of Art, stormed their former campus to demand justice, including debt cancellation, for all those who attended the school.