More than 1,000 students who were enrolled at now-closed ITT Technical Institute campuses in Indiana are eligible for nearly $10 million in student loan forgiveness, the state’s attorney general announced Tuesday.
Former ITT Educational Services Inc. CEO Kevin Modany has agreed to pay $200,000 and accept a five-year ban from serving as an executive of a public company to settle a Securities and Exchange Commission lawsuit accusing management of hiding the rapidly eroding financial condition of the now-defunct firm from investors. Former ITT Chief Financial Officer Daniel Fitzpatrick agreed to pay $100,000 and accept the same ban under a separate settlement.