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ITT's $46 Million Settlement

January 8, 2013
 

ITT Educational Services, a for-profit college chain specializing in technical programs, last week announced that it had agreed to a $46 million settlement payment to Sallie Mae, according to a corporate filing. The settlement was related to a lawsuit filed by the lending giant, Reuters reported, which argued that ITT had breached a shared loan risk agreement. The company did not admit wrongdoing as part of the settlement.

 
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