Sorry, but I am having trouble with the visuals on this one. All I can see is "mountains of debt" resulting from this PEAKS program. Anyway, as noted in my recent post about the contraction of the private student loan market sector, much of the contraction in loan volumes have been felt by the for-profit education sector.
Here is what ITT Educational Services is doing about it, as described in the 8-K they filed today:
At this point, details seem sketchy about this loan program with nothing appearing on the ITT Ed web site nor from a Google search. The Code of Conduct which lists their private loan options has apparently not been updated since May 2008.