Former ITT Technical Institute or Daniel Webster College students could benefit from ITT’s bankruptcy filing.
This settlement benefits individuals who attended ITT Technical Institute between Jan. 1, 2006, and Sept. 16, 2016, or Daniel Webster College between Jan. 1, 2009, and Sept. 16, 2016. According to the settlement website, there are around 450,000 who qualify for this student class.
ITT Technical Institute and Daniel Webster College were for-profit colleges run by the same company. However, according to the Project on Predatory Student Lending, from the Legal Services Center of Harvard Law School, ITT students may have been taken advantage of by the school’s lending practices.
According to a 2022 report from the Project on Predatory Student Lending, ITT got students to enroll in its programs based on false promises that the students could get good jobs in growing fields.
These false claims allegedly tricked students into applying for student aid to attend ITT schools — allowing ITT to reap the benefits.
“In the end, the vast majority of students who attended ITT either never received a degree or were left with a useless degree,” the ITT report states.
“All they had to show for their investment were exorbitantly high student debt and the inability to repay it — and, perhaps most devastatingly, opportunities forever lost.”
In September 2016, three ITT companies (ITT Educational Services Inc., ESI Service Corp., and Daniel Webster College Inc.) filed for Chapter 7...
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