ITT Tech Student Claim Settlement: Money, Who Can Get It and How!
- Anticipated Payout Date
- ITT Tech Student Claim Eligibility
- ITT Tech Student Claim Settlement Payment Dates
- How to Apply for ITT Student Claim
- How the ITT Tech Student Claim Settlement Money Works
- What Happens If You Do Nothing?
Former ITT Tech students are looking forward to getting money from the ITT Tech Student Claim Settlement. This article explains who can receive money, when to expect it, and how to apply if affected by ITT Technical Institute's closure.
Anticipated Payout Date
You should get the money between January and March of 2024. We don't know the exact date yet, but this is a big step in helping students who had problems because ITT Tech closed down.
ITT Tech Student Claim Eligibility
To get money from the ITT Tech Student Claim Settlement, you must meet these rules:
| Requirement | Eligibility Criteria |
|---|---|
| Be from the U.S. | You have to be a U.S. citizen or have permission to live here. |
| Live in the U.S. | You must have lived in the United States when you were going to ITT Tech or Daniel Webster College. |
| Study Dates | You should have studied at ITT Technical Institute between January 1, 2006, and September 16, 2016. This includes attending Daniel Webster College from January 1, 2009, to September 16, 2016. |
| Have trouble with federal student loans | If you took loans from the government to pay for ITT and can't pay them back now, you might be able to get some money. |
| Have private loans from ITT | If you borrowed money from ITT or their partners, you can apply even if you're not behind on payments. |
| Got federal loans forgiven because of ITT closing | If the government forgave your loans after ITT closed, you might still get extra money. |
ITT Tech Student Claim Settlement Payment Dates
The second payment will happen between January and March 2024. We don't know the deadline to apply yet, but it's a good idea to apply as soon as possible if you qualify. You'll find out the exact dates and more information on their official website, and this might change.
How to Apply for ITT Student Claim
Go to ittstudentclaimsettlement.com to apply. Here's what you can do there:
- Check if you're eligible and apply: Former students can check if they qualify, update their contact info, and submit their applications online.
- Get updates on payments: The website has info on when payments will happen and how much you might get. Even though we don't know the deadline to apply, don't wait too long.
- Dispute your payment: If you think they calculated your payment wrong, you can argue about it on the website.
How the ITT Tech Student Claim Settlement Money Works
First Payment:
- All eligible students will get some money.
- If you're supposed to get less than $10, you'll get that money in the next round.
- You can choose to get a check or get paid electronically.
Payment Formula:
- How much money you get depends on the credits you earned and tried to earn at ITT or Daniel Webster College.
- Credits you actually earned count three times more than credits you just tried to get.
- They divide the total money by the total credits of everyone who applied.
Minimum Payment:
- You'll get your first payment only if it's $10 or more.
- If it's less than $10, you'll get it later.
- First payments will be between $10 and $100.
Timeline:
- The first payment happened on July 27, 2022.
- The second payment is expected between January and March 2024.
What Happens If You Do Nothing?
If you don't do anything, they'll send you a check by default if you're supposed to get $10 or more, and they have your correct address. If you want an electronic payment, you need to choose it on the ITT Student Claim Settlement website. Make sure your address is right, especially if you're moving soon.
Conclusion
The second round of money from the ITT Tech Student Claim Settlement is good news for former ITT Tech students who were affected when the school closed. If you qualify, make sure you stay updated, apply as soon as you can, and take the right steps to get your money smoothly. Check the official website for the most recent info and dates; it's essential to stay informed about this important settlement.
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