Itt Technical Institute Closure - News - itt-loanforgiveness.com
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Introduction



Itt Technical Institute Closure

Itt Technical Institute Closure

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Timeline of Events


  • 1998

    Alleged Fraud

    15 former students alleged misrepresentation, fraud and concealment by ITT arising out of their recruitment and education at ITT campuses. In September 1998, ITT settled all of the claims.

  • 2014

    Alleged High Pressure Tactics

    Consumer Finance Protection Bureau (CFPB) sued ITT, alleging that they used high-pressure tactics to coerce students into high-interest private loans that were likely to end in default.

  • 2015

    Whistleblower Lawsuit

    In a 2015 federal whistleblower lawsuit, a former ITT Tech dean of academic affairs alleged that the company (1) directed recruiters to use coercive tactics to pressure students into enrolling, (2)admitted students who were unable to succeed at the school, (3) unlawfully paid sales commissions to recruiters, and (4) lied to students about their financial obligations and transferability of ITT credits to other schools, and about the jobs students could expect to get after graduating.

  • 2016

    Enrollment Ceases / Collapse

    On August 30, 2016, ITT Technical Institute stopped accepting applications for new enrollment. On September 6, 2016, ITT Technical Institute announced that it was shutting down all its campuses effective immediately.

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