CHARLOTTE, N.C. — ITT Tech used to have two Charlotte campuses: one in the University area and the other off Tyvola Road.
In 2014, Channel 9 started hearing about issues with the school.
Federal investigators had questions about its finances.
Ultimately, the U.S. Department of Education added hefty oversight.
In 2016, the agency required ITT Tech to carry a much higher bond. The school considered that a virtual death sentence and closed.
When a college closes, students may be eligible for 100% federal loan forgiveness, but North Carolina Attorney General Josh Stein said most ITT Tech students haven't received that.
He sent the U.S. Department of Education a letter saying the agency should be forgiving loans for as many as 52,000 former students, but that it's only done so for roughly 7,000 of them.
You may be eligible for all of your federal loans to be discharged if you were a student when the school closed, were on approved leave when the school closed or left the school within 120 days of the closure.
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