For Immediate Release:
February 16, 2022
Contact: Jerri Mares – (505) 321-4372
Albuquerque, NM— Attorney General Hector Balderas, alongside the federal Department of Education and attorneys general in Colorado and Illinois, today announced $415 million in additional debt relief for students defrauded by ITT Tech. ITT Tech, which closed in 2016, repeatedly lied to students about its accreditation and students’ job prospects.
“New Mexicans who were trying to achieve the American dream should have never been abused by this defunct for-profit school, and I am glad we were able to partner with federal authorities to secure justice for the honorable individuals,” said Attorney General Balderas.
Based in large part on information gathered through Balderas’s investigation, the Department of Education approved thousands of borrower defense claims, discharging hundreds of millions of dollars in debt incurred by students who believed they would be able to secure degrees and jobs based on ITT’s misrepresentations.
In total, more than 23,000 ITT Tech students nationwide have now received more than $660 million in debt relief stemming from the school’s fraud.
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