Iowa Attorney General, Tom Miller, says that 143 Iowans who were former ITT Tech students will receive a portion of more than $1.3 million in debt relief as part of a 44-state settlement. Nationally, there will be more than $168 million distributed among more than 18,600 former students. ITT Tech filed for bankruptcy in 2016 amid an investigation by state attorneys general and following action by the U.S. Department of Education to restrict their access to federal student aid. The Student CU Connect CUSO, a credit union service organization, offered loans to finance student’s educations and are the subjects of the settlement. “This settlement holds CUSO accountable for its participation with ITT in subjecting students to abusive lending practices,” Miller says “It also provides relief to Iowans who attended ITT Tech and incurred debts for a questionable education that they could not repay or discharge.” ITT operated campuses in Des Moines and Cedar Rapids.
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