PEAKS Loan Forgiveness

For Private Student Loans

PEAKS private student loans administered via ITT Technical Institute have caused quite a stir. PEAKS loans launched in 2010 with the intent to provide funding for ITT Technical Institute service students. Two years later PEAKS loan program ended. In 2014 the Consumer Financial Protection Bureau sues ITT Technical Institute over PEAKS loan program. If you attended ITT Technical Institute and took out a PEAKS private loan you may qualify for one of the private student loan forgiveness programs. If you are a victim to the predatory practices of for-profit colleges, you may qualify for one of these programs or for debt invalidation. We highly advise you call us immediately to see how we can help. Give us a call at (844) 324-9274

Timeline of Events

2010

PEAKS private loans are to launched to provide funding for ITT tech service students.

2012

First Associates Loan Servicing announces it will service the PEAKS private student loan program.

2012

PEAKS loan program ends at ITT Technical Institute.

2012

ITT Technical Institutes guaranteed obligations being to ballon due to PEAK loans performing so abysmally, with extremely high default rates.

2014

PEAKS loans start to become problematic. ITT Technical Institute projects default rates in PEAKS and a similar pool of loans to be as high as 59%.

2014

The Consumer Financial Protection Bureau (CFPB) sues ITT Technical Institute over PEAK loans.

2014

ITT Technical Institute could be forced to make additional payments of PEAKS liabilities of over $100 million.

2015

ITT Technical Institute CEO, Kevin Modnay, and chief financial officer Daniel Fitzpatrick announce they will step down, but ultimately stay on board with the institute.

2016

ITT Technical Institute is sued for deceiving students.

Loan Forgiveness

In cases of for-profit school closures: You may qualify for one of the private student loan forgiveness programs.

If you attended ITT Technical Institutes and took out a PEAKS private loan, you may qualify to have your PEAKS loan invalidated.

See If You Qualify

Fill out the form below or give us a call at

(844) 324-9274

Verify Eligibility

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