Durbin, Madigan advise ITT Tech students to start over

CHICAGO -- U.S. Sen. Dick Durbin and Illinois Attorney General say ITT Tech students may be best off starting college over.

Speaking at Maclom X College Friday, the two said students can wipe out their loan obligations by starting over at another school.

Earlier this week,  ITT abruptly announced it was shutting down all of its for-profit campuses across the country,  leaving its 40,000 students with nowhere to go.

The move comes after the U.S. Dept. of Education cut federal financial aid for new students and required the school to raise nearly $150 million.

The secretary of education has said that current or recent ITT students might get their loans wiped away,  but they'll have to start somewhere new for classes.

ITT had been under investigation by at least 18 state attorney's general for alleged misleading and deceptive practices.

Durbin and Madigan say they want community colleges to help fill the void ITT created.

If you were an ITT student, and you're not sure what to do, call 800-433-3243 or go to studentaid.ed.gov/itt.