Catherwood LibraryILR School

ITT Technical Institutes announced last week it will be shutting its doors as a result of the Education Department’s decision to no longer give financial aid to students at the school. This has prompted over 100 former ITT Technical students to actively refuse to pay back their federal student loans. It is a strike against the government’s lack of policing for for-profit colleges. The students argue that the credentials that they paid hundreds of thousands of dollars for are essentially worthless and the US Department of Education failed to protect them. This movement is not new, it began last year after the Education Department bailed out Corinthian Colleges Inc. Both Corinthian and ITT Tech students are demanding their federal student loans be forgiven.