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Project on Predatory Student Lending

ITT Student Files New Lawsuit Against Navient for Private Student Debt Cancellation | Press Release

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Harvard Magazine

“Attacking the Concept of Debt” | Harvard Magazine

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Update | Borrowers Raise Concern over Borrower Defense Denials

Consumer Lawyers Want to End Education Department’s Partial Student Debt Relief Plan | The Washington Post

The Project on Predatory Student Lending at Harvard University, a legal services clinic, has asked a federal judge to stop Education Secretary Betsy DeVos and the Education Department from using earnings data to grant only partial student loan forgiveness to defrauded borrowers.

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Corinthian Students Will Only See Partial Loan Relief | Associated Press

The Department of Education has begun notifying some former Corinthian Colleges students that it will forgive only one-half or less of their federal student loans, even though the students were defrauded by the now-defunct schools, the Associated Press has learned.

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On ITT and the Education Department, No More Excuses [Op-Ed] | The Washington Post

For years, predatory for-profit colleges have exploited the promise of higher education, cheating students and leaving them in mountains of debt they never should have had. Making it worse, the industry has been enabled by a Department of Education that has made excuse after excuse about why it can not step in to help students.

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Students from Defunct ITT Tech Get a Shot at Claiming School’s Remaining Assets | The Washington Post

A federal judge approved a settlement Wednesday allowing former students at ITT Technical Institute to participate in the bankruptcy proceedings of its parent company, giving them a shot at the remaining assets of one of the nation’s largest for-profit college operators.

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ITT Students’ $1.5 Billion Settlement Heard by Judge In Bankruptcy Settlement Today | Press Release

More than $500 Million In Student Debts Would Be Cancelled Due To ITT’s Fraudulent Actions; Landmark Settlement Builds Case For Department Of Education To Cancel Loans of Former ITT Students

Update | ITT Students’ $1.5 Billion Settlement Heard by Judge In Bankruptcy

Today, former ITT students proposed a $1.5 billion settlement claim in bankruptcy court that would cancel more than $500 million in debts. All participants in the case and members of the class have until April 24 to submit their views of the settlement with the court before it is heard for final approval on June 13.  This is good news for former ITT students, but there is still a long way to go.

Bankruptcy Court Settlement Could Bring Relief to Some ITT Students | The Boston Globe

Thousands of students nationwide who attended the now-defunct ITT Technical Institute would have nearly $600 million in loans canceled under a proposed court settlement, a significant win for consumers in Massachusetts and elsewhere who have long claimed that the for-profit chain defrauded them out of money and an education.

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Update | Proposed Settlement to be Heard January 24

A year ago former ITT students filed a complaint against ITT and a class Proof of Claim in the ITT bankruptcy case. In this last year we have worked hard to fight on behalf of the Student Class, including urging the Trustee to stop collection on all debt owed directly to ITT.

Duped into Paying for Worthless Degrees, these Former For-Profit College Students Could Get Their Money Back | MarketWatch

Former students of a for-profit college who say they were duped into paying for worthless degrees could get some of their money back, thanks to a recent motion in the now-defunct school’s bankruptcy case.

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Update | ITT Trustee to Stop Collection on All “Temporary Credit” Accounts

On May 18, the court overseeing ITT’s bankruptcy case approved a motion to stop collection on all ITT “Temporary Credits.” ITT used unfair and deceptive tactics to get students to sign up for Temporary Credits, including by describing Temporary Credits as grants and threatening to expel students if they did not agree to the debt. Even after ITT filed for bankruptcy, its servicers and debt collectors continued to harass students to collect these Temporary Credits.