ITT Tech students score victory

Source: Danielle Douglas-Gabriel, Washington Post (Paid Registration)

As creditors of ITT Educational Services fight over the remaining assets of the defunct for-profit college, one group has secured a significant victory in the bankruptcy proceedings: former students.

A federal judge gave final approval to a settlement that will erase nearly $600 million that 750,000 students owed ITT Technical Institute. The agreement, which was first announced in January, will also refund $3 million that students paid the for-profit chain.

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