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
Question: Dear Steve, Attended ITT Technical and was deceived by their recruiters. I filed a Borrowers Defense to repayment-previously but never heard back from the Department of Education. I now have come up with more supporting documentation. Can I file an “amended” BTR online? Charles Answer: Dear Charles, Well, this falls under the heading of … Read more
The Department of Education under Betsy DeVos and the Trump administration is seemingly doing everything it can to eliminate consumer protections from schools of higher education that cause consumers to take out loans to attend. Secretary DeVos has been pushing for rollbacks on the Borrower Defense to Repayment program that gave students a way to … Read more
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
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
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 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
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
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
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
Question: Dear Steve, ITT Tech graduate, associates of applied science in Graphic Design. Was told by school it was a prerequisite for game design. Program was dropped approx 1 month before graduation. Poor education. What do you know about this lawsuit? What do you know about this lawsuit against ITT. Too many scams out there … Read more
In my ongoing thread over the concern colleges and universities have been enrolling students and not giving them the window sticker of what was really to be expected (see this, this, and this) comes this interesting information out today. While some students were induced to enroll in college and go deep into debt, there is … Read more
I’ve been rattling on about a trend I’m seeing in college enrollment deception and the ability for people to file a claim to discharge, in full, their federal student loans. See this article. I’ve advised haste to get claims in and what to do before the door closes on this current process. See this article. … Read more
Lawsuit filed by insider against ITT Technical Institute that is referenced in this article.
“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