Attorney General James Helps Secure $330 Million in Debt Relief for Former ITT Students

Posted to Applied Web NY on Tue, 09/15/2020 - 18:44

NEW YORK – New York Attorney General Letitia James today helped secure an agreement with PEAKS Trust — a private loan program run by the now defunct college ITT Tech and affiliated with Deutsche Bank entities — that will provide more than $5 million in debt relief to former ITT Tech students in New York. The agreement is part of a national settlement with 48 attorneys general and the federal Consumer Financial Protection Bureau and PEAKS that will provide more than $330 million to approximately 35,000 former students of the failed for-profit college with more than 43,000 loans.  

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