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All ITT PEAKS Student Loans on the Verge of Being Cancelled

The Consumer Financial Protection Bureau (Bureau) today filed a proposed stipulated judgment against PEAKS Trust 2009-1, along with Deutsche Bank National Trust Company, Deutsche Bank Trust Company Delaware, and Deutsche Bank Trust Company Americas, in their capacity as trustees to PEAKS Trust 2009-1 (collectively, “PEAKS”). In its complaint, filed in the District Court for the … Read more

Certain ITT Student Debt Will be Uncollectible in Class Action Settlement

Student Loans

Now don’t get all excited that all ITT student loan debt is going to be barred from collection. The proposed class action lawsuit settlement only concerns the $560 million ITT was holding on its books at the time of its demise. This does not include federal student loans or debt it had previously transferred to … Read more