WFMJ | Alan Rodges
Ohio’s Attorney General Dave Yost has announced a multi-state settlement that will give $6.8 million in debt relief to about 870 former ITT Tech students in Ohio.
The settlement is with Student CU Connect (CUSO), LLC. The company was essentially created to offer loans to finance student tuition at ITT Tech, which was a technical institute that closed down in 2016.
“These students were misled, pressured and sometimes threatened into borrowing from this lender,” Yost said. “They’ve had to carry the heavy weight of these unreasonable loans for far too long, but today they can finally breathe a sigh of relief.”
Yost alleged that ITT Tech, with CUSO’s knowledge, offered students temporary credit upon enrollment to cover the gap in tuition between federal student aid and the full cost of education.