An agreement involving a federal regulator and attorney generals from 47 states came to the agreement that covered debts of tens of thousands of former students of ITT Technical Institute. Those covered incurred the debt through ITT’s Peak loan program which was often used for students who had maxed out their federal student loans.
The settlement, which requires a federal judge’s approval, covers about 35,000 borrowers whom were left with high amounts of debts, ruined credit, and often times useless degrees. The agreement requires the loans to be cancelled and all collection efforts to cease.
Are you a victim of a similar fraudulent matter? Contact our office at 816-524-4949, or you can visit our website at hoorfarlaw.com to see what our attorneys can assist you with.