Attorney General Bob Ferguson today announced that 816 former ITT Tech students in Washington state will receive $5.9 million in debt relief. This amount covers all outstanding debts these borrowers owe to PEAKS Trust. The debt forgiveness resolves an investigation launched by Ferguson and a bipartisan coalition of attorneys general into unfair and deceptive lending practices by PEAKS Trust, a private loan program created to fund loans for the for-profit college ITT Tech. Today’s court filing also requires PEAKS to dissolve.