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

Can I Amend My Borrower Defense to Repayment Claim?

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

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

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 Do You Know About the ITT Lawsuit?

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

Even More Sophisticated Students Claim They’ve Been Scammed by Colleges

I’ve been drolling on about schools misleading students or at least not telling them the full story about the value of their degree before enrolling them and taking their money. And I still say students with federal student loans who have been misled by their schools to enroll, have a way to deal with discharging … Read more

Before You Enrolled in College Did They Tell You Your Degree Sucks?

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