Your legal rights are affected whether you act or don’t act. Read this website and the Notice carefully.

If you are a former ITT student who had a PEAKS student loan, a class action may affect your rights.

Important Update

Class Counsel has filed a motion for award of attorneys’ fees, reimbursement of expenses, and service awards for class representatives. The motion and supporting documents are available on the Documents page of this website. The deadline to object to the motion is August 2, 2024. The motion hearing will be held on August 16, 2024 at 1:00 p.m., in Courtroom 13A, United States District Court for the Southern District of California, 333 West Broadway, Suite 420, San Diego, California.

Class Members may object to this Motion by sending a letter to the Court on or before the current opposition deadline, August 2, 2024, explaining the reason for the objection, that the person submitting the objection is a member of the Class, and person’s contact information.

In this lawsuit, Aliff et al. v. Vervent, Inc. et al., Case No. 3:20-cv-00697 (S.D. Cal.), Plaintiffs claim that Defendants Vervent, Inc. (formerly “First Associates Loan Servicing”), Activate Financial, LLC, and certain individuals improperly collected money from former ITT students on PEAKS loans, which were deemed invalid in September 2020 and were cancelled.

This is a class action, and the Class includes all PEAKS loan borrowers who made a payment during the period on or after April 10, 2016. The Class also includes all PEAKS loan borrowers who made a payment on or after April 10, 2019, after receiving a letter or e-mail from Activate Financial.


Your Legal Rights and Options in This Lawsuit
Do nothing. Stay in this case. Await the outcome. Give up certain rights. Stay in this lawsuit. Await the outcome. Give up certain rights for the possibility of receiving certain benefits.

By doing nothing, you keep the possibility of getting money or benefits that may come from the lawsuit. However, you give up any rights to sue Defendants separately about the same legal claims in this lawsuit and will instead be bound by the result of this lawsuit.
Exclude yourself. Get out of this case. Get no money from it if any is recovered in the future. Keep any rights you may have to sue on your own. Get out of this lawsuit. Get no benefits from it. Keep rights.

If you ask to be excluded and money or benefits are later awarded, you will not share in those monies or benefits. However, you keep any rights to sue Defendants separately about the same legal claims in this lawsuit. To exclude yourself, you must submit an “Exclusion Request” online here or in the form of a letter sent by mail, stating you want to exclude yourself from the Class, to Aliff v. Vervent, Inc., c/o Epiq, P.O. Box 2288, Portland, OR 97208-2288. Your exclusion request must be postmarked no later than April 28, 2023.

Current Status

On June 22, 2023, a jury returned a verdict in favor of the Plaintiffs on the certified RICO claim. A copy of the Jury Verdict is available here. On September 29, 2023, the court dismissed Plaintiffs’ certified California Unfair Competition Law claim without prejudice. A copy of the court’s order is available here. On June 18, 2024, the court entered final judgment. A copy of the Final Judgment is available here. No money is available to Class Members at this time. Please continue to check this website for updates.


Important Dates
  • April 10, 2016 – Present
    Class Period
  • April 28, 2023
    Deadline to Exclude Yourself from the Class