U.S. says $168 million ITT for-profit student loans to be forgiven
By Editor - Fri Jun 14, 2:38 pm
Student CU Connect CUSO, created in 2008 to fund and manage loans for ITT students, reached the settlement with the Consumer Financial Protection Bureau, 44 states and Washington D.C. to resolve claims over its alleged shoddy business practices. The accord also requires CUSO to stop collecting on loans, and ask consumer reporting agencies to effectively delete its loans from students’ credit profiles, and tell borrowers they no longer owe money on the loans. CUSO did not admit wrongdoing.
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