ITT students: Apply now for student loan debt relief

ITT students: Apply now for student loan debt relief

By / State News / Tuesday, 20 September 2016 04:00

More than 1,000 potentially eligible former ITT students in NC, AG Cooper says

RALEIGH, N.C. - More than 1,000 North Carolina students who were enrolled in ITT Technical Institute could get their student loans forgiven and should apply for relief now, Attorney General Roy Cooper urged September 15th.
Earlier this month, national for-profit college system ITT Educational Services, Inc. announced that it would shut down all of its campuses and online learning programs after the U.S. Department of Education called for additional oversight to address the college’s ongoing failure to meet accreditation standards.
ITT Tech had four campuses in North Carolina: one in Durham, one in High Point, and two in Charlotte. Many students took out federal student loans to attend the programs on campus and online.
“These hard-working students have a chance to get student loan relief they deserve,” Cooper said. “North Carolinians who recently attended ITT Tech should apply now to have their student loans forgiven.”

Relief for ITT students
North Carolina students who attended ITT Tech have two options for relief: apply to have their loans forgiven, or transfer their credits to a new school.
Apply for loan forgiveness: Closed-school federal student loan discharge:
• Available to students attending ITT when it closed on Sept. 6, 2016 and students who withdrew from ITT on May 6, 2016 or after.
• Your student loan debt may be forgiven and you can restart at another school if you wish.
• Instructions available on the ITT Announcements web page at https://studentaid.ed.gov/sa/about/announcements/itt and  from the U.S. Department of Education.
Transfer credits to a new school
• If you wish to complete your program, try to transfer your ITT credits to a different school.
• Contact your local North Carolina Community College to see if your ITT credits will transfer to a similar program available in your community.
• Verify with the school you select in writing that your ITT credits will transfer. If credits will not transfer, apply for loan forgiveness instead.
• If you transfer credits, you likely will not be able to have your ITT student loans forgiven.
• To get student records and transcripts for a transfer, see ITT’s closure information at http://itt-tech.info/about/how-to-obtain-a-transcript/
The North Carolina Community College System offers a range of degrees in fields similar to ITT, but at much lower cost.  To learn more about enrolling in a local community college, visit nccommunitycolleges.edu.
For information about federal student loans, contact the Federal Student Aid Information Center at 1-800-4-FED-AID or visit them online at studentaid.ed.gov. The Department of Education is also hosting a series of online webinars to share information on ITT student debt relief and answer students’ questions.
To file a complaint about a for-profit school or student lender, visit the NC Attorney General’s Office online at ncdoj.gov or call us toll-free within North Carolina at 1-877-5-NO-SCAM.
Source: North Carolina Department of Justice.

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