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September 15, 2016
For More Information, contact:
Luther Strange
Mike Lewis (334) 353-2199
Alabama Attorney General
Joy Patterson (334) 242-7491
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(MONTGOMERY) -Attorney General Luther Strange is offering information
about resources available to assist students of ITT Technical Institute, which suddenly
announced its closure on September 6 in the face of regulatory actions by the U.S.
Department of Education. ITT has branches in Madison, Bessemer and Mobile,
reportedly serving approximately 1,600 students in Alabama.
According to the U.S. Department of Education, students have two general
options: to apply for closed school loan forgiveness, or to seek to transfer credits to
another educational institution.
Students may apply for discharge of their federal loans if the school closed while
they were enrolled, or if they had been enrolled within 120 days prior to closing. They
are urged not to pay for loan consolidation or forgiveness that the Department of
Education provides for free. If one subsequently completes a comparable program at
another school through benefit from one’s training at ITT, the loan may be repayable.
Details of eligibility and the process for application are available online from the U.S.
Department of Education at http://studentaid.ed.gov/sa/about/announcements/itt.
In some instances, students may be able to transfer credits to a new institution,
but that depends upon whether the new school decides to accept ITT coursework. The
U.S. Department of Education is working with postsecondary programs to process
records so that future eligibility for financial aid may be determined, and to facilitate
information for students about other available programs for their consideration. In
Alabama, students should contact the Alabama Commission on Higher Education at
334-242-1998, toll-free at 1-800-960-7773, or through its website at www.ache.state.al.us.
A series of webinars with detailed information is being offered by the U.S.
Department of Education throughout September. Registration is available at the
department website http://studentaid.ed.gov/sa/about/announcements/itt.
501 Washington Avenue * Montgomery, AL 36104 * (334) 242-7300