Woke up this morning like any other Tuesday, scrolling through news with my coffee when this headline just jumps out at me. Big lawsuit news about ITT Tech. Didn’t this place shut down years ago? Yeah, thought so. But apparently, the court case is finally wrapping up big time.
Diving Into the Mess
Okay, so I grab my laptop. No more coffee time. Went straight to that massive PDF—man, that gov’t press release was dense. Sifted through page after page trying to find the meat. Basically, the gov’t is clawing back huge money from PEAKS Trust & some outfit called CURO, funds that were tied up in all those shady loans ITT pushed on students.
The really key part for folks today? It means zero chance any ITT student has to pay back those private loans they took out back then. Full stop. And if they already paid some? They’re potentially getting refunds. Crazy, right?
Why Should Anyone Still Care?
Thought hard about who needs to hear this most. Found tons of grads asking online: “Does this affect me? What about my credit?” Others shared nightmare stories about old debt collectors still hassling them for loans THAT LEGALLY DON’T EXIST ANYMORE.
This ain’t ancient history, people. So I started scribbling down the must-do steps:
- Dig Up Your Old Loan Docs: Look for anything mentioning PEAKS or CURO. Any letter, email, whatever. That’s your proof.
- Credit Report Deep Dive: Get your free reports. Right now. Search specifically for these loans. They shouldn’t be there.
- If a Collector Calls: They’re bluffing. Don’t pay a dime. Tell them to prove the debt is legit & belongs to them. Spoiler: they can’t. Report them immediately.
What This Feels Like Now
Sitting back after putting this all down. Man, it just hits different. This lawsuit crawled through the system longer than some people were in college. Seeing how trapped folks felt by those predatory loans years ago… and then learning it’s finally done?
Feels like telling people they found a hole in their pocket and giving them back the money that fell out. Long dang overdue. Hope this info finds whoever needs it most.
