AG Slatery Urges US Department Of Education To Forgive Some ITT Tech Student Loans
Nashville Attorney General Herbert H. Slatery III urged the US Department of Education to write off federal student loan debt for certain students who attended the ITT Technical Institute. The now defunct for-profit school has defrauded thousands of people by encouraging them to enroll and borrow loans based on false and misleading information about the value of an ITT degree.
The borrower’s defense application filed today by a bipartisan coalition of 24 states and the District of Columbia includes students who attended ITT Tech between at least 2007 and 2011.
Federal law allows the Department of Education to cancel federal student loans when borrowers have been tricked into obtaining them. Attorneys General are asking ITT students for full relief, including repayment of payments already made on these no credit check loans.
“In Tennessee, we had hundreds of students who were just trying to improve their lives through an education at ITT Tech and instead got injured,” General Slatery said. “This office will continue to work on their behalf to enforce national consumer protection laws.”
Based on a Congress Report 2012, ITT enrolled approximately 282,000 students across the country between 2007 and 2010. During this enrollment period, ITT distorted the value of its education, telling potential students that they would get well-paying jobs after the graduation with a constant rate of earnings growth – sometimes more than $ 100,000 in average annual earnings than workers with the same titles.
To read the letter, click here: https://www.tn.gov/content/dam/tn/attorneygeneral/documents/pr/2021/pr21-14-letter.pdf
The letter was led by Colorado Attorney General Phil Weiser and Oregon Attorney General Ellen Rosenblum, who were joined by the District of Columbia and the states of Connecticut, Hawaii, Idaho, from Illinois, Iowa, Kansas, Maine, Maryland, Massachusetts, Minnesota, Nebraska. , Nevada, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, Tennessee, Vermont, Virginia, Washington and Wisconsin.
# 21-14: AG Slatery Urges US Department Of Education To Forgive Some ITT Tech Student Loans