Wisconsin secures agreement to obtain over $5.5 million in debt relief for former ITT Tech students
WISCONSIN (CBS 58) -- Attorney General Josh Kaul has announced that Wisconsin has secured an agreement to obtain $5,806,642.25 in debt relief for 647 former ITT Tech students as part of a 43-state multistate agreement.
Nationally, the agreement will result in debt relief of more than $168 million for more than 22,000 former ITT students.
The agreement is with Student CU Connect CUSO, LLC (“CUSO”), which offered loans to finance students’ tuition at ITT Tech, the failed for-profit college.
ITT filed bankruptcy in 2016 amid investigations by 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.
Students with questions about their rights under the agreement will receive information in the notices that are sent.
For more information on the agreement, click here.