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Former ITT Tech Students Get $600M in Debt Relief from Bankruptcy Judge | Indianapolis Business Journal

While the bankruptcy fight over failed for-profit educator ITT Educational Services continues, the biggest group involved in the legal battle has scored a big victory. In late November, a federal bankruptcy judge in Indianapolis gave final approval to a $600 million settlement that will affect about 750,000 former students of ITT Technical Institute.

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Major For-Profit College Chain Abruptly Announces Closure of Dozens of Schools | Associated Press

One of the nation's largest for-profit college chains announced Wednesday that it was abruptly closing in dozens of locations nationwide, after its accrediting agency suspended approval. Birmingham, Alabama-based Education Corp. of America said it was closing schools operating as Virginia College, Brightwood College, Brightwood Career Institute, Ecotech Institute and Golf Academy of America in more than 70 locations in 21 states.

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For-Profit College Closes Operations, Surprising Students | Associated Press

One of the nation's largest for-profit college chains announced Wednesday that it was abruptly closing in dozens of locations nationwide, after its accrediting agency suspended approval. Birmingham, Alabama-based Education Corp. of America said it was closing schools operating as Virginia College, Brightwood College, Brightwood Career Institute, Ecotech Institute and Golf Academy of America in more than 70 locations in 21 states.

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Student Loans Watchdog Who Quit Under Trump Plans Own Initiative | The Guardian

A former federal student loan watchdog who loudly quit his job this year has announced a new initiative to help solve the $1.5tn student debt crisis. Seth Frotman, the former student loan ombudsman at the Consumer Financial Protection Bureau, will lead the Student Borrower Protection Center, which also will employ several of Frotman’s former colleagues at the federal bureau.

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