Proof of ITT Tech’s Massive Scale of Fraud and Abuse

Dreams Destroyed by ITT Tech

THE DREAMS DESTROYED ITT REPORT

Our recently released report details the massive scale of fraud and abuse by the defunct for-profit college ITT. The report presents the largest volume of evidence compiled on ITT, and the documents unequivocally show that ITT was not a legitimate educational institution: it systematically and brazenly lied to students in order to profit from their federal financial aid.

Many of the documents cited as evidence in Dreams Destroyed are subject to a series of Protective Orders in the ITT bankruptcy case. This means that the Court has only allowed the Department of Education and former ITT students, who use these redacted documents in Proceedings before the Department of Education, including for Borrower Defense Applications, to have these documents. By requesting the documents cited as evidence in Dreams Destroyed, you certify that you are a former ITT student, and that you will only use these documents in a submission to the Department of Education.

ITT Screencast

Project on Predatory Student Lending Attorney Eric Schmidt provides a deep dive into the ITT report and the updates on pending ITT litigation.

WHY SHOULD YOU STILL CARE ABOUT ITT?

Watch this video on the report and why you should care about it.

“Students should not be held accountable for ITT and the decades of damage that they have created. There are thousands of families that they have separated due to debt, have fallen ill, and have irreparable damage drowning in debt – they deserve a second chance in life. ITT cheated us out of an education and killed our dream to one day get ahead. The time that we have wasted there can never be brought back. The pain and suffering that we have endured have no dollar value.”

- Jorge Villalba, former ITT student.

Student stories

ITT Student Stories

Understanding the human impact of for-profit colleges. Watch videos featuring former ITT students sharing their story.

A Reckoning with Private Loan Cancellation: Jorge Villalba’s Quest for Full Loan Cancellation | Blog

Jorge Villalba was one of tens of thousands of students scammed by ITT and was left with a worthless degree and insurmountable debt in the form of both federal and private student loans.  Now, after getting his federal loans discharged, he’s fighting to get his private loans cancelled too.

How Long Would You Wait to Get Your Life Back? An ITT Student Loan Truth | Blog

Predatory for-profit colleges like ITT have defrauded students for years, targeting low-income families and intentionally making the enrollment process fast-paced and confusing because their goal is to make as much money as they can with as little return as they can offer. Students are then left with thousands of dollars in debt and worthless degrees.

Coverage

When colleges defraud students, should the government go after school executives? | NPR

In a shocking investigation, the U.S. Senate declared the federal student loan program “plagued by fraud and abuse.” Its report heaped scorn on for-profit trade schools for serving 22% of federal student loan borrowers but accounting for 44% of defaults. “The school keeps the student aid money … and the student is left holding the bag with a poor credit rating, no job and no income to repay the student loan,” U.S. Rep. Marge Roukema, R-N.J., declaimed in her crusade against for-profit “bad apples.”

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Report On Fraud Committed By ITT Technical Institute Highlights Need To Protect Student Loan Borrowers With Stronger Regulation Of For-Profit Colleges | Forbes

Last week the Project on Predatory Lending released an extensive report detailing abuses by the now-closed ITT Technical Institute (ITT Tech). The report details how ITT Tech systematically defrauded millions of students over decades, abused the federal financial aid system and left students weighed down with student loan debt and worthless credentials.

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DeVry, ITT Tech students among thousands of defrauded borrowers to receive $415 million in loan cancellation | Washington Post

The Education Department said Wednesday that it will cancel the federal student loans of nearly 16,000 people defrauded by DeVry University, ITT Technical Institute and Minnesota School of Business/Globe University.

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Department of Education to cancel $415 million in student loan debt | MarketWatch

Roughly 16,000 borrowers who were scammed by their schools will have their federal student loans discharged, resulting in $415 million in relief, the Department of Education announced Wednesday. The borrowers receiving relief attended four for-profit colleges that the agency found misled students in the process of luring them into enrolling and taking on debt to pay for school.

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Biden Administration Approves $415 Million In New Student Loan Forgiveness Under Troubled Program: Key Details | Forbes

The U.S. Department of Education on Wednesday announced that it had approved $415 million in new student loan forgiveness for borrowers defrauded by their schools. “The Department remains committed to giving borrowers discharges when the evidence shows their college violated the law and standards,” said U.S. Secretary of Education Miguel Cardona in a statement. “Students count on their colleges to be truthful. Unfortunately, today’s findings show too many instances in which students were misled into loans at institutions or programs that could not deliver what they’d promised.”

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For-Profit College CEO Said CFPB’s Chopra Should Be Abused At Guantanamo | Republic Report

On October 2, 2015, Kevin Modany, the CEO of ITT Educational Services, Inc., then one of the biggest for-profit college operations in the United States, sent an email to company lawyers about Rohit Chopra, an assistant director at the U.S. Consumer Financial Protection Bureau. “This guy,” Modany wrote, “should be sent to Guantanamo Bay for about a decade of R&R; which should include an aggressive regimen of ‘water sports’!”

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