Did you attend the now defunct ITT Technical Institute? You may be able to get your student loan debt erased
Students who used federal loans to attend ITT Technical Institute as far back as 2005 will get that debt canceled, the Biden administration announced.Students who used federal loans to attend ITT Technical Institute as far back as 2005 will automatically get that debt canceled after authorities found "widespread and pervasive misrepresentations" at the defunct for-profit college chain, the Biden administration announced Tuesday.
It adds to the administration's growing list of piecemeal student debt cancellations - a similar action in June promised to erase $5.8 billion in debt related to Corinthian Colleges - but it provided no answers on broader student debt cancellation. The new policy will automatically cancel any remaining federal student debt that was used to attend ITT Tech from Jan. 1, 2005, through its closure in 2016.
Federal officials based the decision on findings from many state attorneys general, along with the Consumer Financial Protection Bureau and the nonprofit Veterans Education Success. Tasha Berkhalter enrolled at ITT Tech in 2006 to pursue a career in criminal justice after being honorably discharged from the Army. Recruiters promised she would easily find a job after graduating. But after earning her bachelor's, no one would hire her.
"The cloud has been removed from over my head," she said. "I know there are hundreds of thousands of former students like myself who are finally getting the relief they deserve."
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Former ITT Tech students get $3.9B in debt cancellationStudents who used federal loans to attend ITT Technical Institute as far back as 2005 will automatically get that debt canceled after authorities found “widespread and pervasive misrepresentations” at the defunct for-profit college chain.
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