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.
News Story (NATIONAL)
November 28, 2018
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Tags: Student Debt
Organizations mentioned/involved: Legal Services Center of Harvard Law School
In the meantime, ITT’s estate has notified students who are eligible for the debt cancellation, according to the Project on Predatory Student Lending at Harvard Law School, a legal aid group that worked with the law firm Jenner & Block to represent the students.
“This settlement does more for the cheated students of predatory for-profit colleges than [Education Secretary] Betsy DeVos has done in her entire administration,” said Toby Merrill, director of the Project on Predatory Student Lending. “At a time when students are being ignored by their government, ITT students stood up to this predatory college themselves and secured the relief they are owed.”