$330M Settlement Reached with Approximately 1,000 ITT Tech Students
“Approximately 1,000 former ITT Tech students in South Carolina were part of a $330 million settlement for debt relief after a lawsuit against the for-profit school,” reports Tony Fortier-Bensen in ABC 4 News.
“Attorney General Alan Wilson said the 1,000 South Carolina students were able to receive $8.6 million. Across the nation, 35,000 students will share $330 million.”
“According to a press release, the settlement is with PEAKS Trust, a private loan program run by the college. ITT Tech filed for bankruptcy in 2016 after investigations into their federal student aid.”