While the bankruptcy fight over failed for-profit educator ITT Educational Services continues, the biggest group involved in the legal battle has scored a big victory. In late November, a federal bankruptcy judge in Indianapolis gave final approval to a $600 million settlement that will affect about 750,000 former students of […]
Inside Higher Ed By Ashley A. Smith A federal judge approved a settlement Wednesday that erases more than $500 million in student debt held by former ITT Technical Institute students. The settlement also returns $3 million that was paid by students since the company filed for bankruptcy in 2016. The students were represented by the […]
Business Insider Education Secretary Betsy DeVos on Wednesday restored federal recognition to an accrediting group that oversees dozens of for-profit colleges but was shut down by the Obama administration over allegations of lax supervision. Her decision says the Accrediting Council for Independent Colleges and Schools was found to be “substantially […]