Consumers Harmed by ITT Tech Could be Eligible for Compensation
In 2016, the Chicago Tribune reported that the for-profit ITT Technical Institute was shutting down. All of the campuses in the Chicago area and all 130 campuses across the country closed in September of 2016, and students received emails informing them that the school was closing. In the months leading up to the school’s closure, it had been the target of numerous investigations and lawsuits concerning consumer protection , as well as the school’s failure to be in compliance with accrediting standards set by the Accrediting Council for Independent Colleges and Schools. In total, more than 40,000 students were impacted by the closure. Why is this important now? A recent article in the Washington Post explains that “a federal judge approved a settlement Wednesday allowing former students at ITT Technical Institute to participate in the bankruptcy proceedings of its parents company, giving them a shot at the remaining assets of one of the nation’s largest for-profit college...