High tech institute lawsuit
Are you implying that you pay by the hour? Isn’t that time taken from class? It’s more likely that you’ll be charged per course or per program. The most important question is whether the instruction meets the promised standards in the time allotted. The second question is whether you can log the class is expected to run from X to Yo without stopping. The third question is whether you can interact with the teacher during the interruption while ignoring the interrupter. The fourth question is whether or not you’ve tried to negotiate with the interrupter. Assert your rights by doing something like, “Excuse me, but I am paying to be educated during class time; will you please take your other business elsewhere?” *Then* go to court if you have to.David Ames
Oracle vs. google verdict
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The google/doj antitrust lawsuit: a virtual legality deep
The case was brought by the Consumer Financial Protection Bureau against PEAKS, the ITT student loan program, on Tuesday, the same day the settlement and loan forgiveness was reached.
The CFPB claimed in the complaint that “ITT disproportionately pushed students into ITT Private Loans, causing serious losses to borrowers that were not reasonably avoidable and were not outweighed by benefits to consumers or competition.”
The CFPB cites ITT Technical Institute’s cash receipts from 2011, which found that federal loans accounted for 89 percent of tuition, while private loans accounted for 7%, leaving a 4% deficit.
According to the CFPB’s complaint, PEAKS realized “the majority of borrowers were likely to default on their loans” and was “reckless” when students were “pushed” into loans “they did not understand” or even “realize they had taken out loans at all.”
According to the complaint, ITT Technical Institute’s headquarters were once “admonishing” places for this activity, telling them “not to build and electronically sign PEAKS loan documents on behalf of students.”
ITT Technical Institute (also known as ITT Tech) was a for-profit technical school. ITT Tech was one of the largest for-profit educators in the US until it closed in 2016. It was established in 1969 and had approximately 130 campuses in 38 states .
Although some students have gained debt relief as a result of government intervention, many others are still struggling with debt they accumulated while at the school. Students at Harvard Law School’s Project on Predatory Student Lending, along with an advocate for students, have supported student debtors seeking to have their debt forgiven .
ITT Educational Services, Inc. (OTC Pink No Information: ESINQ), a publicly traded corporation based in Carmel, Indiana, owned and run ITT Tech.
ITT Technical Institute had some of the industry’s highest tuition fees. In 2014, annual tuition for attending an ITT Tech campus ranged from $45,000 to $85,000. High-pressure recruitment tactics, falsified records, high default rates on ITT Tech student loans, and insufficient educational standards were among the complaints.