Attorney General Phil Weiser Leads Multi-State Effort To Write Off Student Student Loan Debt From ITT Tech | Law courts
Attorney General Phil Weiser calls on the United States Department of Education to write off federal student loan debt for thousands of students who attended the for-profit school, ITT Technical Institute, which has since been closed its closure.
A bipartisan coalition of 24 states and the District of Columbia – led by Weiser and Oregon Attorney General Ellen Rosenblum – filed the defense request from the borrower Thursday.
Claim Says ITT Tech defrauded students by encouraging them to enroll and take out loans based on false information about the value of an ITT Tech degree and high paying jobs after graduation , in violation of national consumer protection laws.
“The experience and costs of college affect students’ careers and finances – for better or worse – for the rest of their lives,” Weiser said. “I urge the US Department of Education to cancel these loans and rectify the injustices suffered by these students.”
Weeks before the shutdown, the U.S. Department of Education banned ITT Tech from enrolling new students who use federal financial aid and banned the school from granting raises, bonuses or allowances. departure to the managers of the company.
The app calls for full debt relief and repayment of payments made for students who enrolled at ITT Tech between 2007 and 2010, or approximately 282,000 students across the country.
Based on a 2012 Congress report, during this four-year period, ITT Tech showed a document titled “Value Proposition for Employed Graduates” to potential students to convince them to enroll and, in in most cases, to borrow thousands of dollars in federal student aid.
“To mislead students during this planning process, as ITT did in this case, is illegal and wrong,” Weiser said.
Federal law allows the US Department of Education to cancel federal student loans when borrowers have been tricked into obtaining loans.
States that signed the request include Connecticut, Hawaii, Idaho, Illinois, Iowa, Kansas, Maine, Maryland, Massachusetts, Minnesota, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, Tennessee, Vermont, Virginia, Washington and Wisconsin.