Tag Archives: ITT Tech
‘Neither A Borrower Nor A Lender Be’
Five former students want a federal judge to classify them as creditors in the ongoing ITT Tech bankruptcy. The government began scrutinizing the Indiana-based for-profit school, which had 137 sites in 39 states, in 2014, as the Education Department looked into allegations of fraud regarding program offerings and students’ future job prospects. The hammer… Read More »
ITT Tech Bankruptcy Spills Over Into The Civil Arena
The bankruptcy trustee wants the judge to halt two civil actions against the bankrupt for-profit college, but government officials want the actions to proceed. Deborah Caruso, who is overseeing the bankruptcy on behalf of the judge, filed a motion to stay all pending Freedom of Information Act requests and consumer fraud lawsuits, including the… Read More »
Court-Ordered Liquidation Begins At ITT Tech
Two New York-based companies will oversee the sale of the college’s thirty owned properties and 111 leases in Indiana and thirty-eight other states. A&G Realty Partners LLC expects a “high level of interest in the properties” since they “are well-built buildings in excellent condition, with good ceiling height and above-average parking, which can be… Read More »
Former ITT Tech Students Begin Student Loan Strike
A few debt-ridden former students of the now defunct for-profit college are taking a stand against high student loan payments by intentionally refusing to make payments. More than 100 people announced the joint effort in a letter to President Barack Obama and Education Secretary John King. Despite the former college’s assurances that nearly three-fourths… Read More »
