Federal regulations that aim to protect and refund student loan borrowers defrauded by their schools could end before they even go into place, thanks to a lawsuit filed by the for-profit college industry. [More]
ITT Tech
Veterans Who Attended Shuttered ITT Tech Schools Still Waiting For Financial Assistance
Shortly after ITT Educational Services announced it would close all of its ITT Technical campuses across the country, the Department of Education swooped in to try to placate students’ concerns by announcing that it would forgive currently or recently enrolled students’ federal student loans. While the process to wipe out that debt will no doubt be complicated and take time, former students who used veteran benefits — like the GI Bill — will likely be waiting longer and have more hurdles to jump through. [More]
ITT-Owned Daniel Webster College Also In Peril Of Losing Accreditation
Only days after beleaguered ITT Tech ceased enrolling new students over financial concerns and the possible loss of accreditation, another for-profit educator owned by ITT’s parent company has also revealed that its future may be in peril. [More]
ITT Tech Banned From Enrolling New Students Using Federal Financial Aid
And just like that the foundation of ITT Education Services is beginning to crumble. Today, the Department of Education took a series of actions that bans the company behind the for-profit chain of ITT Technical Institutes from enrolling new students using federal financial aid funds. [More]