fbpx

ITT Technical Institute and Daniel Webster College Bankruptcy Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

In September 2016, ITT Educational Services, Inc., ESI Service Corp., and Daniel Webster College, Inc. filed bankruptcy petitions seeking relief under Chapter 7 of the US Bankruptcy Code. This settlement relates to former students who filed claims against the institution. (A separate class action and settlement relate to employees.)

Docket Number:

16-07207-JMC-7A

Company: ITT Educational Services, Inc.

Filing Deadline: January 1, 2100

Class Period: January 1, 2006 to September 16, 2016

Objection Deadline: April 24, 2018

Exclusion Deadline: March 1, 2018

Final Approval Hearing: November 20, 2018

Proof of Purchase:

If you did not receive a notice of this settlement but think you might be a class member, submit a Request for Inclusion to the Settlement Administrator.

Eligibility:

You may be eligible if you attended ITT Technical Institute at any time between January 1, 2006 and September 16, 2016, or Daniel Webster College at any time between January 1, 2009 and September 16, 2016.

Typical Settlement Amount:

The Department of Education has discharged around $442 million in ITT-related student loans. At least two additional distributions of money will be made. Class members will receive shares based on the number of credits they earned and the number of credits they tried to earn but were not able to complete. In the first of the two distributions, class members are expected to receive between $10 and $100. Amounts of less than $10 will not be distributed.

Total Settlement Amount: Unknown

Class Representative Proposed Incentive Fee:

$10,000

Law Firms:
Jenner & Block, LLP
Project on Predatory Student Lending

Claim Form: Request for Inclusion Form

Case Name: In re: ITT Educations Services, Inc. et al.

Settlement Website: ITT Technical Institute and Daniel Webster College Bankruptcy Settlement Website

Claims Administrator:
American Legal Claim Services

Claims Administrator Contact Information:

American Legal Claim Services
info@ittstudentclaimsettlement.com
800-789-4306

Tags: Bankruptcy, Education, Predatory Lending, Student Loans