News
ITT Students’ $1.5 Billion Settlement Heard by Judge In Bankruptcy Settlement Today | Press Release
More than $500 Million In Student Debts Would Be Cancelled Due To ITT’s Fraudulent Actions; Landmark Settlement Builds Case For Department Of Education To Cancel Loans of Former ITT Students
Update | ITT Students’ $1.5 Billion Settlement Heard by Judge In Bankruptcy
Today, former ITT students proposed a $1.5 billion settlement claim in bankruptcy court that would cancel more than $500 million in debts. All participants in the case and members of the class have until April 24 to submit their views of the settlement with the court before it is heard for final approval on June 13. This is good news for former ITT students, but there is still a long way to go.
Bankruptcy Court Settlement Could Bring Relief to Some ITT Students | The Boston Globe
Thousands of students nationwide who attended the now-defunct ITT Technical Institute would have nearly $600 million in loans canceled under a proposed court settlement, a significant win for consumers in Massachusetts and elsewhere who have long claimed that the for-profit chain defrauded them out of money and an education.
Update | Proposed Settlement to be Heard January 24
A year ago former ITT students filed a complaint against ITT and a class Proof of Claim in the ITT bankruptcy case. In this last year we have worked hard to fight on behalf of the Student Class, including urging the Trustee to stop collection on all debt owed directly to ITT.
Duped into Paying for Worthless Degrees, these Former For-Profit College Students Could Get Their Money Back | MarketWatch
Former students of a for-profit college who say they were duped into paying for worthless degrees could get some of their money back, thanks to a recent motion in the now-defunct school’s bankruptcy case.
Update | Department of Education Illegally Slashes Debt Relief for Corinthian Borrowers
Martin was talked into WyoTech’s automotive technology program instead of community college. But the program was a complete fraud – he rarely touched a car while there, and the great jobs promised to him were unavailable.
Students Defrauded By For-Profits May Not Get Full Relief | AP News
WASHINGTON (AP) — Students who were defrauded by the for-profit Corinthian Colleges may not get their loans forgiven entirely, the Education Department announced Wednesday, in a reversal of the Obama administration policy of wiping out the debt.
Student-Loan Borrowers Await Debt Relief | Time
When Corinthian Colleges and ITT Technical Institutes collapsed in 2015 and 2016, respectively, after allegations of fraud and misleading marketing, it seemed like a moment of reckoning for the for-profit college industry.
25,000 Borrowers in Limbo as Trump Administration Puts a Freeze on Student Loan-Relief Claims | Market Watch
The Trump administration has paused processing claims to help borrowers who say they’ve been duped by their schools.
Predatory For-Profit Colleges Thrive in The Trump Era | WNYC
Ever since the federal government passed the G.I. Bill after World War II, predatory enterprises have been looking to take advantage of the money set aside by the government to help students pay for a college education.