DeVry University And Other For Profit Schools Really Sucked – $415 Million in Student Loans Forgiven

DeVry University And Other For Profit Schools Really Sucked – $415 Million in Student Loans Forgiven

Nearly 16,000 borrowers will receive $415 million in borrower defense to repayment discharges following the approval of four new findings and the continued review of claims. This includes approximately 1,800 former DeVry University (DeVry) students who will receive approximately $71.7 million in full borrower defense discharges after the U.S. Department of Education (Department) determined that … Read more

Department of Education Goes Insane When it Comes to Dealing With Defrauded Student Loan Borrowers

I admit there is nothing in this world that represents true justice or fairness. No matter what side you are on, not everyone is going to be happy with any resolution. But this Borrower Defense to Repayment program has been a total mess. Students who were defrauded by their schools were entitled to have only … Read more

Some Former ITT Tech Students Have Their Loans Erased

Interest rate negotiation can result in a lower interest rate than you are paying now.

North Carolina Attorney General Josh Stein announced a multistate settlement with private lender Student CU Connect CUSO LLC (CUSO) that will result in more than $168 million in debt relief for more than 18,000 former ITT Technical Institute (ITT Tech) students. In North Carolina, 412 borrowers will receive $4,257,783.11 in loan relief. The settlement resolves … Read more

ITT Tech Equal Opportunity Scam for Both Students and Some Lenders

ITT Technical Institute finally settled their fraud case with the Securities and Exchange Commission (SEC). In 2015 the SEC alleged, “the national operator of for-profit colleges and the two executives fraudulently concealed from ITT’s investors the poor performance and looming financial impact of two student loan programs that ITT financially guaranteed. ITT formed both of … Read more

Is There No Hope for My ITT Private Student Loan Being Affordable?

Question: Dear Steve, Obtained B.S. at CSU Fresno. No available jobs and repaying these Federal loans under an Income-Driven Plan. Attended ITT because they said they could help (I did not need the degree, I had a B.S. already) with job placement but needed a private loan in order to attend. Graduated a year later … Read more

ITT Tech Bankruptcy Fills a Warehouse

The Indiana Lawyer has a fantastic article about the unintended consequences that the bankruptcy filling of ITT Educational Services. “Among the fallout from the ITT Educational Services bankruptcy are the multiple pallets being offloaded every weekday into a chilly warehouse south of downtown Indianapolis. Each of the wooden pallets is stacked with 40 Bankers Boxes … Read more

Should I Just Stop Making Payments on My ITT Tech Private Student Loans? – Andy

Angry Man by Steve Rhode

Question: Dear Steve, I’m sure you heard that ITT Tech has recently closed down permanently. I graduated from there in 2007 and I still owe about 40K (mostly private loans) on a useless associates degree. Employers won’t hire someone that has a degree from a failed school that has been accused of fraud by many … Read more

Get Live Update on ITT Tech School Closure and Your Federal Student Loans

The U.S. Department of Education is hosting live webinars regarding ITT Tech school closure. On this page you will find information related to the recent oversight and compliance actions imposed against ITT Educational Services and the subsequent closure of ITT Technical Institutes. Featured below is information on how former ITT students can continue their education, … Read more

ITT Tech Closes – How to Get Your Student Loan Debt Forgiven

ITT Technical announced in September 5, 2016 they were closing their doors. “It is with profound regret that we must report that ITT Educational Services, Inc. will discontinue academic operations at all of its ITT Technical Institutes permanently after approximately 50 years of continuous service,” they said. So where does this leave ITT Tech students? … Read more

ITT Technical Leaves Huge Number of Students Totally Screwed

The Department of Education has been pressuring ITT Technical over issues that impacted the schools ability to be eligible for federal student loans. In response, ITT has shut their doors to new students and left current students in a lurch. While ITT Technical says “Endless Possibilities” as of today, one of those possibilities is not … Read more

What Can I Do About My ITT Tech Student Loans? – Brad

Question: Dear Steve, I graduated from ITT 4 year program (2007-2011). I Had about 60k in debt which I have brought down to just under 50k. I am not behind on my loans but the loans and my mortgage are really taking a toll. My loans were through Sallie Mae (now Navient) and are broken … Read more

How Do I Stop Paying My ITT Tech Student Loans? – Jonathan

Question: Dear Steve, Graduated ITT Tech in 2007 but unfortunately from the very beginning I felt that I was mess lead from the very beginning. I now have a ton of debt that I don’t feel like I should pay back as I feel that these loans are fraud. After reading hundreds of comments and … Read more

What is the Process to Get ITT Tech Student Loans Forgiven?

“Dear Steve, My husband and I both went to school at ITT Tech, a for-profit college. My husband got a Bachelor’s degree and I have an Associate’s degree. We each owe $100,000 in federal student loans. I am unemployed and my husband just started getting his wages garnished. We live paycheck to paycheck. If we … Read more