Attorneys general want ITT Tech student debt canceled

0
19
Idaho Attorney General Lawrence Wasden

Local news

BOISE, Idaho (KIFI) – Idaho attorney general Lawrence Wasden encourages the U.S. Department of Education to scrape the student loan debts of those who have attended the ITT Technical Institute.

Wasden said the defunct, for-profit school defrauded thousands of people by encouraging them to take out and borrow loans based on false and misleading information about the value of an ITT Tech degree.

The attorney general joined a bipartisan coalition of 24 attorneys general in a motion for borrower defense. These include students who participated in ITT Tech between 2007 and 2011 when the school encouraged students to borrow government grants.

Federal law allows the Ministry of Education to issue federal student loans if borrowers have been deceived into granting the loans. The attorneys general are calling for full relief from ITT Tech students, including a refund of the money the students have already paid for these loans.

“It is unfortunate that these students have been misled about the value of an ITT tech education,” said Wasden. “Because of this misrepresentation, many borrowed thousands of dollars in federal aid to cover the cost of their education. Ultimately, however, most students did not get the education they promised, but still had all of the debts that came with it. Providing these students’ loans helps rectify the situation. “

According to a 2012 congressional report, the school enrolled around 282,000 students between 2007 and 2010 who misrepresented the value of their education and assured graduates that they would find high-paying jobs.

News / Top Stories