ITT Technical Institute Outright lied Albany New York
When I went into the financial aid office with my son, I was told pointblank that the payments would be low ( quoted amount of approx. $250/mo.) and the interest rate would be 2% - 3%. When actually my son is paying 13% and his payments are around $500/mo. I told the financial aide officer when I first went in that I did not want to co-sign. That I wanted my son to be able to take out this loan in his name. I was told I had to co-sign. I also let her know that I myself would not be financially able to make this payment even the one quoted. Now we are in a situation where my son is having difficuly making this outrageous payment and I am receiving letters from Sallie Mae threatening me with the Credit Bureau.
Also, many many phone calls. This is ridiculous. Hearing other people having the same or similar problems tends to make me a little more irritated. Knowing this is their standard practice to lie to the students and families. What can we do?
Mom
Greenfield Center, New York
U.S.A.
2 Updates & Rebuttals
Currentitthater
INDIANAPOLIS,Indiana,
U.S.A.
Contact info for you
#3UPDATE EX-employee responds
Fri, January 11, 2008
Hello, I was recently contacted by someone investigating ITT. I'll give her your contact info, she'd love to hear from you, or I can give you hers either way.
Steve
Phila,Pennsylvania,
U.S.A.
Itt technical institute
#3Consumer Comment
Tue, August 28, 2007
OKAY!
First off listen up.
The contract is bogus all right.
You signed the contract so go to the Attorney Generals office and let them know that your money is a waste of time.
Not much else I can say.
I applied to this school in the Phila area about 5.5 years ago. Its a joke. Simple as that.
SOmeone else mentioned that the employer wouldn't hire them.
Don't sign the contract. that is your fate.