Tennessee AG Calls for Federal Student Loan Debt Cancellation for ITT Tech Students | Tennessee
NASHVILLE, TN (WSMV) – Tennessee Attorney General Herbert H. Slatery III urged the US Department of Education to write off the federal student loan debt of some students who attended the ITT Technical Institute .
The now defunct for-profit school has defrauded thousands of people by encouraging them to enroll and borrow loans based on false and misleading information about the value of an ITT degree.
The borrower’s defense demand that a bipartisan coalition of 24 states and the District of Columbia filed on Tuesday includes students who attended ITT Tech between at least 2007 and 2011.
Federal law allows the Department of Education to cancel federal student loans when borrowers have been tricked into obtaining them. Attorneys General are asking ITT students for full relief, including repayment of payments already made on these loans.
“In Tennessee, hundreds of students were just trying to improve their lives through education at ITT Tech and instead got injured,” Slatery said in a press release. “This office will continue to work on their behalf to enforce our state’s consumer protection laws.”
Based on a Congress Report 2012, ITT enrolled approximately 282,000 students across the country between 2007 and 2010. During this enrollment period, ITT distorted the value of its education, telling potential students that they would get well-paying jobs after the graduation with a constant earnings growth rate, sometimes over $ 100,000 in average annual earnings than workers with the same titles.
Click to read the letter. The letter was led by Colorado Attorney General Phil Weiser and Oregon Attorney General Ellen Rosenblum, who were joined by the District of Columbia and the states of Connecticut, Hawaii, Idaho, from Illinois, Iowa, Kansas, Maine, Maryland, Massachusetts, Minnesota, Nebraska. , Nevada, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, Tennessee, Vermont, Virginia, Washington and Wisconsin.
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