ITT Tech

Loan Forgiveness

For Federal or Private Student Loans

ITT TECH

Merely a week after ITT Tech stopped enrolling students, they’ve announced the company will be Closing for good.ITT was forced to shut down as it’s no longer able to accept federal aid; meaning their incoming students would not have access to federal student loan money. With their high tuition costs, the company had to call it quits.

Along with other for-profit colleges, ITT has been widely scrutinized for getting their students to take out thousands in government grants and loans and then failing to assist their graduates with job training and placement. In 2015 alone, ITT Tech received about $580 Million in federal money according to the Department of Education.

A shocking announcement from The Atlantic states that, “students pursuing bachelor’s and associate’s degrees at for-profit colleges saw their earnings drop, compared to before they started the program.” This is to say that prior to attendance at ITT, with the debt loads they’ll have to pay off as a result of attending the school, the students are better off having not gone to one of its many campuses.

This is a sad reality for many of the attendees who are forced to pay back tens of thousands in student loan debt and are still struggling to find work. If it feels like you qualify for Student Loan Forgiveness Programs Please Call Us At (877) 273-7758

Timeline of Events

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ITT Tech was founded in 1946 as Educational Services, Inc. and has been headquartered in Carmel, Indiana, since 1969.
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15 former students alleged misrepresentation, fraud and concealment by ITT arising out of their recruitment and education at ITT campuses. In September 1998, ITT settled all of the claims.
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ITT agreed to pay $730,000 to settle a lawsuit with California in which employees alleged that it inflated students' grade point averages so they qualified for more financial aid from the State of California.
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Consumer Finance Protection Bureau (CFPB) sued ITT, alleging that they used high-pressure tactics to coerce students into high-interest private loans that were likely to end in default.
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In a 2015 federal whistleblower lawsuit, a former ITT Tech dean of academic affairs alleged that the company (1) directed recruiters to use coercive tactics to pressure students into enrolling, (2)admitted students who were unable to succeed at the school, (3) unlawfully paid sales commissions to recruiters, and (4) lied to students about their financial obligations and transferability of ITT credits to other schools, and about the jobs students could expect to get after graduating.
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Department of Education sent a letter to CEO Kevin Modany asking ITT Educational Services to show that it has enough money available to refund students in case it shuts down unexpectedly.
Student Loan Forgiveness

In cases of for-profit school closures: There are several student loan forgiveness programs available that you may qualify for.

If you attended ITT Tech, regardless of when you attended, you may qualify for partial or even full loan forgiveness.

See If You Qualify

Fill out the form below, or give us a call today at

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