A settlement between the state of Indiana and a loan program used by ITT Tech will relieve over 600 former students of student loan debt.
Attorney General Curtis Hill sued Student CU Connect, a private lender also known as CUSO, for misleading students about certain details of their loans once the balance came due and also using abusive lending practices.
Hill said ITT and CUSO pressured students into taking credit that would help pay for whatever a federal student loan could not cover for tuition, but failed to inform students that the credit would be due before the end of the academic year, not six months after graduating like with a federal loan.
