Former ITT Tech Students Launch Debt Strike
Visitors found the doors to the ITT Technical Institute campus in Rancho Cordova closed after ITT Educational Services announced that the school had ceased operating, on Sept. 6.
Photographer: Rich Pedroncelli/AP PhotoMore than 100 former students of now-shuttered ITT Technical Institutes announced Wednesday they'll no longer make payments on their federal student loans, part of a small but growing revolt against what they call the Obama administration's negligence in policing for-profit colleges.
The students, many of whom graduated from ITT Tech campuses nationwide, say they're burdened with worthless credentials and debts they'll never be able to repay. They say the U.S. Department of Education, which manages the federal student loan program, failed to protect them and millions of others enrolled in schools that ultimately didn't deliver what they promised.