Lender to Forgive $168 Million in Loans of Former ITT Students

By Paul Fain. Student CU Connect CUSO, LLC, a company created by credit unions to hold and manage private loans for students at the collapsed ITT Technical Institute, will forgive an estimated $168 million of that loan debt as part of a settlement with the federal Consumer Financial Protection Bureau (CFPB) and attorneys general for 44 states and the District of Columbia. More...