Former ITT Tech students get $3.9B in debt cancellation abc15
This comes after authorities found “widespread and pervasive misrepresentations” at the defunct for-profit college chain.
The Biden administration says the action will cancel $3.9 billion in federal student debt for 208,000 borrowers. It adds to the administration’s list of piecemeal student debt cancellations, but it provided no answers on broader student debt cancellation. President Joe Biden supported debt cancellation as a presidential candidate and for months has been considering erasing up to $10,000 per borrower.
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Student loans worth nearly $4 billion canceled for ITT Tech studentsThe debt is being forgiven using a federal rule known as borrower defense, which is meant to protect students from colleges that make false advertising claims or otherwise commit fraud.
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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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Department of Education to cancel $3.9 billion in federal loan debt for former ITT studentsThe agency said the school misled students about their ability to get jobs and transfer credits
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Former ITT Tech students get $3.9B in debt cancellationDid you attend the now defunct ITT Technical Institute? You may be able to get your student loan debt erased.
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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.
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Biden Administration Cancels Nearly $4 Billion In ITT Tech Student DebtStudents who used federal loans to attend ITT Technical Institute as far back as 2005 will automatically get that debt canceled.
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