ITT Tech students seeking to cancel student loans in $1.5 billion settlement

Photo: Dwight Burdette / CC BY 3.0

Image License: MGN

Former ITT Tech students who borrowed money for school may get their debt wiped out.

The students worked with the Harvard Law School to develop a $1.5 billion settlement that would cancel nearly $500 million in student loans.

The lawsuit claims that ITT Tech lied to and misled students about financial aid and cost of attendance, job placement and salaries, the quality of equipment and experience of instructors, the employability of ITT graduates, ITT’s programmatic accreditation, the transferability of credits, and career placement assistance.

The settlement is not yet final.

All participants in the case and members of the class have until April 24, 2018, to submit their views of the settlement with the court before it is heard for final approval on June 13, 2018.

Students can get more information and register for updates at Harvard’s Legal Services Center.

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