Students of Defunct ITT Tech Allowed in Bankruptcy Case - Diverse Military
Higher Education News and Jobs

Students of Defunct ITT Tech Allowed in Bankruptcy Case



by Danielle Douglas-Gabriel

A federal judge approved a settlement Wednesday allowing former students at ITT Technical Institute to participate in the bankruptcy proceedings of its parent company, giving them a shot at the remaining assets of one of the nation’s largest for-profit college operators.

The agreement resolves a lawsuit students filed against ITT Educational Services last year to join the line of creditors, federal regulators, state attorneys general and employees seeking redress from the defunct company.

It recognizes a $1.5 billion claim that students, who attended the school between 2006 and 2016, asserted against the company for breach of contract and consumer protection violations.

Read More