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Corinthian Colleges filed for bankruptcy in 2015, and ITT Tech went bankrupt a year later. ITT Technical Institute ceased operations at more than 130 campuses nationwide and eliminated most of its 8,000-plus employees after losing access to the lifeblood of federal student aid. UPDATED Tuesday March 24th, 2020. A new settlement between the now-defunct ITT Technical Institute and the CFPB would erase $330 million in private-held student loan debt owed by around 35,000 former ITT students. Via Politico: ITT Tech, one of the nation’s largest chains of for-profit colleges, announced Tuesday that it is shutting down – exactly 12 days after the Education Department banned the company from enrolling new students using federal student aid. How to Get Your Part of the $168,000,000 in Private Loan Forgiveness Benefits for ITT Tech Students. The rapid decline of the ITT for profit-college may represent a pivotal moment in modern history, as seen in rising challenges to predatory capitalism. I happened to pay almost $38,000 for my education (only for an Associates Degree at ITT-Tech) and yet, I am receiving very, little value of my education. September 6, 2016 Business, Scandal. ITT Tech's Carmel office was locked to the outside, but an employee at Bankers Life Co., which is in the same building, said the office is empty. Together, the two for-profit college companies left more than half a million students and former students in the lurch. I am unemployed and my husband just started getting his wages garnished. ITT Technical Institute folded on cue Tuesday after the Obama Administration issued a regulatory death warrant last month. Before ITT shut down, the company was the subject of probes from about 20 state attorneys general over a litany of allegations regarding the school's recruitment tactics and academic offerings. More than 8,000 ITT Tech employees are now without a job – employees who exhibited the utmost dedication in serving our students. We live paycheck to paycheck. In Colorado, ITT Tech … September 15, 2020, 4:13 PM. If you attended ITT Tech between 2006 and 2016, then you may qualify for ITT Tech student loan forgiveness benefits via either the The Borrowers Defense To Repayment program or the Closed School Loan Discharge program.. ITT Tech has campuses in Norwood, Dayton. ... ITT created the two in-house student-loan programs as private lenders retreated from the market at the height of the 2008 financial crisis. CARMEL, Ind. The move affects 8,000 employees and 40,000 students at 140 locations. Two weeks after the scandal-plagued Corinthian Colleges company filed for bankruptcy and closed its remaining schools, another national for-profit college chain is in trouble.. ITT Tech… According to ITT Tech, the 8,000 employees who worked at the school have been laid off. My husband and I both went to school at ITT Tech, a for-profit college. The institute offered Bachelor’s and Associate degrees in programs including engineering, accountancy, law, management and information technology, and an online Master’s degree in business administration. I have received my Associates Degree of Applied Science in the field in Information Technology/ Multimedia, in Dec 2007 from ITT Technical Institute, in Norfolk, VA, along with a 3.38 GPA. ITT Tech filed for bankruptcy in 2016, when an investigation revealed it coerced students into high-interest loans. The SEC’s pursuit of the company is different. The similarities between the prior student aid scandals and those of today are uncanny, and they sometimes even involve the same players. Santa Fe, NM — Attorney General Balderas announced today that the State of New Mexico, along with 47 states and the Consumer Financial Protection Bureau has secured an agreement to obtain $330 million in debt relief for former ITT Tech students for 35,000 …

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