In a separate letter, Attorney General Balderas urged New Mexico’s Congressional Delegation and the chairs of the House Education and the Workforce and Senate Health Education, Labor and Pensions committees to investigate and remedy the concerns surrounding ITT Tech’s sudden closure.
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Short, who served four and half years in the Marines, said he needed that financial aid. But if that student transferred out of ITT into a similar program that he fails to complete, the closed-school option would still be on the table, said Debbie Cochrane, vice president at the Institute for College Access and Success. “I don’t know what they’re going to do”. “It’s unimaginable”, said Shannah Markley, who was working a nursing assistant’s shift at Lutheran Hospital Tuesday when she got the email that ITT Tech was closing its doors for good. ITT Educational operated 15 ITT Tech campuses in California. “It must be a nightmare for them”.
Last month, ED moved to end ITT’s misuse of federal student aid by banning the company from enrolling new students who were using federal loans to pay for their education.
“There’s almost $1.4 trillion in student loan debt that’s out there”, said IPFW professor John Kessler, who points out that’s actually a smaller number than the total amount of credit card and mortgage debt in the U.S.
Students who are not eligible for a closed school discharge may be eligible for debt relief if their school committed fraud or otherwise violated state law. Meadows said one of the issues at ITT was that the institution wasn’t up to date on its regional accreditations, so PSC couldn’t necessarily accept all students’ coursework carte blanche. “They have continued to redouble those efforts”.
If you are now or were recently enrolled at ITT, you may be eligible to have your federal student loans for your program at ITT discharged.
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She said students’ transcripts and field of study will help determine what credits can be transferred and what is next for them. Brown also called on the U.S. Department of Veterans Affairs (VA) to include a “risk index” in the GI Bill Comparison Tool, an online application that would highlight bad actors in the for-profit industry and give veterans the resources needed to make informed decisions about their education. The shutdown will affect about 35,000 students.
