TBA Law Blog


Posted by: Katharine Heriges on Jun 19, 2019
Attorney General Herbert H. Slatery III announced today an agreement to obtain over $6 million in debt relief for 699 former ITT Tech students in Tennessee. Nationally, the settlement involving 42 states and the District of Columbia will result in debt relief of more than $168 million for more than 18,000 former ITT students. The settlement is with Student CU Connect CUSO, LLC (CUSO), which offered loans to finance students’ tuition at ITT Tech, a failed for-profit college. ITT filed bankruptcy in 2016 amid investigations by state attorneys general and following action by the U.S. Department of Education to restrict ITT’s access to federal student aid. The CUSO loan program originated approximately $189 million in student loans to ITT students between 2009 and 2011.
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