"Using a private lending scheme, ITT Tech saddled students with massive debt, exorbitant interest rates and a worthless diploma," California Attorney General Xavier Becerra said.
September 16, 2020 at 03:01 PM
1 minute read
Reporter
The original version of this story was published on Connecticut Law Tribune
Forty-eight attorneys general have announced a national debt-relief settlement worth $330 million for former students of ITT Technical Institute.
In the 93-page agreement, the states maintained that financial aid officers and other ITT Tech officials used reckless and deceptive practices to pressure students at the failed for-profit college into predatory loans that many could never repay.
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From left: Connecticut Attorney General William Tong and California Attorney General Xavier Becerra. Courtesy photos
