Timeline of Events
The organization was founded as The Chubb Institute, with medical training added later.
Facing lawsuits and financial losses, Chubb Corporation put the school for sale in 2004 and eventually sold it for $1 to a partnership of private equity firm Great Hill Partners and the High-Tech Institute. Chubb Corporation recognizes $33 million loss.
The new owners struggled to rescue the chain at first. Facing a loss of $9 million in 2005, they invested millions and renamed several of the poorer performing schools.
The location in Chicago had been renamed to Banner Institute in January 2006, and the location in Arlington, Virginia, had been christened Banner College.
Struggling with lawsuits and challenges to accreditation, Banner College in Virginia closed in August 2008 after ten years of operation there.
The colleges were being operated by the Anthem Education Group, a company owned by Great Hills Partners.
In cases of for-profit school closures: There are several student loan forgiveness programs available that you may qualify for.
If you attended High Tech Institute, regardless of when you attended, you may qualify for partial or even full loan forgiveness.
I'm so glad I found this website! After attending the High Tech Institute, I wasn't able to find a job in my field and got stuck with over 30 grand in loans. Thankfully, I'm now paying $0/month and will have my loans forgiven at the end of the term! Thanks guys!Carly Young, Dallas
You guys are amazing to provide such wonderful service. Thank you so much!Jeff Gemmell, Orange County
My student loan payments went from $423 a month to $0 a month, and after 10 years of paying nothing they get forgiven. This is amazing!Mark Levin, Wisconsin
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