Court Eliminates Debt of Former ITT Tech Students | Inside Higher Ed
A federal judge approved a settlement Wednesday that erases more than $500 million in student debt held by former ITT Technical Institute students. The settlement also returns $3 million that was paid by students since the company filed for bankruptcy in 2016.
My Future Was Stolen By A Corporation: An ITT Student Story
The author, Lorenzo Boyland, is a former student of the for-profit ITT Technical Institute campus in Cordova, TN and resides in Mississippi. My future was stolen by a corporation. Now, I’m left waiting for justice. There are thousands who could tell a similar story. This is mine. When I graduated high school, I joined…
Students Secure More Than $500 Million In ITT Student Debt Relief As Part of Landmark Settlement Approved Today | Press Release
In a major victory for ITT students, a federal judge has approved a settlement confirming that 750,000 former students were cheated by the company and cancelling every dollar of student debt held by the for-profit-school.
ITT Tech Students Score Victory in Bankruptcy Settlement | Washington Post
As creditors of ITT Educational Services fight over the remaining assets of the defunct for-profit college operator, one group has secured a significant victory in the bankruptcy proceedings: former students. On Wednesday, a federal judge gave final approval to a settlement that will erase nearly $600 million that 750,000 students owed ITT Technical Institute. The agreement, which was first announced in January, will also refund $3 million that students paid the for-profit chain.
Update | New York Times Highlights Project on Predatory Student Lending Cases and Clients
A recent story in the New York Times highlighted several of the Project’s cases, and their prominence in the ongoing battle to force the Department of Education to recognize the legal rights of students who have been cheated by predatory for-profit colleges.
Borrowers Face Hazy Path as Program to Forgive Student Loans Stalls Under Betsy DeVos | New York Times
The students attended institutions with pragmatic names like the Minnesota School of Business and others whose branding evoked ivy-draped buildings and leafy quads, like Corinthian Colleges. Tens of thousands of them say they are alike in one respect: They were victims of fraud, left with useless degrees and crushing debts.
Update | A Federal Judge Told Betsy DeVos to Stop Stealing Students’ Tax Refunds
For years, the Department of Education has acted more like a collection agency than an agency operated for the benefit of students.
Update | A Winning Streak For Student Borrowers
After years of delay by the Department of Education, student borrowers represented by the Project on Predatory Student Lending are finally winning their rights in courts. On four separate occasions this month, judges rebuked the Department, struck down illegal policies, and ruled in favor of students.
Project on Predatory Student Lending and Southern Poverty Law Center Assert Voice of Students in Education Corporation of America’s Dispute with Department of Education | Press Release
The Project on Predatory Student Lending and the Southern Poverty Law Center have asked to weigh in on a dispute between Education Corporation of America, owner of several struggling for-profit college chains including Virginia College and Brightwood College, and the Department of Education.
Update | Judge Declares Department of Education’s Seizure of Corinthian Colleges Borrowers’ Tax Refunds Illegal
A federal judge ruled this week that the Department of Education illegally took the tax refunds of two former Corinthian College students to pay their student loans, without addressing the assertion that these loans are fraudulent and unenforceable. Now, the Department may not take their tax refunds unless and until it makes a reasoned decision…