Information on the Closing of ITT Technical Institute
Students: Keep up with the latest information
The Federal Student Aid (FSA) webpage available HERE contains important information regarding ITT Technical Institute. Most questions will be answered on the FSA webpage or on this webpage. If after reviewing this information, you still have questions, please contact the Tennessee Higher Education Commission at 615-253-8857.
The U.S. Department of Education (Department) announced that it will discharge all remaining federal student loans that borrowers received to attend ITT Technical Institute (ITT) from January 1, 2005, through its closure in September 2016. The decision, which follows Departmental findings based on extensive internal records, testimony from ITT managers and recruiters, and first-hand accounts from borrowers, will result in 208,000 borrowers receiving $3.9 billion in full loan discharges. This includes borrowers who have not yet applied for a borrower defense to repayment discharge. These borrowers will have the federal student loans they received to attend ITT discharged without any additional action on their part. The full press release is available HERE.
UPDATE – 7/9/2019 – STUDENT CU CONNECT CUSO, LLC LOAN DISCHARGE
The federal Consumer Financial Protection Bureau (CFPB) and attorneys general for 44 states and the District of Columbia entered into a settlement agreement effective June 20, 2019 regarding certain ITT student loans managed by Student CU Connect CUSO, LLC (CUSO).
The settlement agreement provides that CUSO must stop collecting on and discharge all outstanding loans. Note that this settlement does not apply to federal student aid loans or non-CUSO private loans.
Students can call 877-662-2470 with questions about the settlement and the status of loan accounts. Please note that it may take up to 30 days for the cancellation of the loans to take effect and that you may still receive billing notices from CUSO. You are not required to make any payments after June 20, 2019.
For more information about the settlement see these Frequently Asked Questions (FAQs).
UPDATE – 02/05/2018 – Potential Settlement Opportunity for Certain Students of ITT Educational Services and Daniel Webster College
Please read the below information in full. Do not reply to this email or otherwise contact the Tennessee Higher Education Commission concerning the settlement opportunity as we cannot provide advice.
The below information applies to you if you are a former student of ITT Educational Services, Inc. or Daniel Webster College, Inc., who attended ITT between January 1, 2006 and September 16, 2016, or attended Daniel Webster College between January 1, 2009 and September 16, 2016.
On January 3, 2017, former students of ITT Educational Services, Inc. or Daniel Webster College, Inc., on behalf of themselves individually and the Settlement Class, filed a lawsuit. On January 3, 2018, the Bankruptcy Trustee filed a motion seeking Court approval of a Settlement Agreement in the lawsuit. On January 26, 2018, the Court entered an order preliminarily approving the Settlement Agreement. The Court will hold a further hearing on June 13, 2018 to determine approval of the Settlement Agreement on a final basis.
Within thirty (30) days of January 26, 2018, the Bankruptcy Trustee shall send by first class mail Notice to:
1. those members of the Settlement Class who have filed “Student Proofs of Claim”;
2. those former students who are listed as account debtors on the accounts placed for servicing or collection with University Accounting Services, LLC, Security Credit Systems, Inc., Premiere Credit NA, General Revenue Corporation, FirstSource Financial Solutions, Inc./One Advantage, and any and all other credit agencies for collection, and who have made payments on account of such accounts since the petition date; and
3. all parties who have requested that they receive notice in this case.
The full text of the Notice is available at:
Per the Notice:
The Court has approved lawyers (called “Class Counsel”) to collectively represent all Settlement Class Members. You will not be asked to pay your own personal money for the services of these attorneys and their associates and staff in litigating this case and negotiating this Settlement. Only Class Counsel may act on behalf of the class. However, that does not prevent you from hiring your own lawyer to advise you personally about your rights, options or obligations as a Settlement Class Member in this lawsuit. If you want to be represented by your own lawyer, you may hire one at your own expense.
Class Counsel is the Legal Services Center of Harvard Law School, which may be contacted at:
Legal Services Center of Harvard Law School
122 Boylston Street
Jamaica Plain, MA 02130
Tel.: (617) 390-2669
Transcripts and Diplomas
The Tennessee Higher Education Commission (THEC) has transcripts for ITT Tech students that completed or withdrew prior to 2001. To order a transcript or certificate from THEC click HERE. For transcripts 2001 and later, visit Parchment ITT.
- College Pays - Information on financial aid and Tennessee-specific grants and scholarships.
- TN Reconnect – Resources for adult learners, including information to contact the adult learner office at Tennessee institutions.
- Launch My Career TN – Information on colleges and majors from institutions across Tennessee.
- StudentLoans.gov – Information on federal student loans from Federal Student Aid.
- THEC's Statement on the Closure of ITT Technical Institute