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Former ITT Tech students get $3.9 billion in debt cancellation

1 month ago   |   By Chicago Tribune

Investigators found widespread evidence that ITT Tech made false claims about the ability of its students to find jobs after graduating, the agency said.
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Former ITT Tech students get $3.9B in debt cancellation

1 month ago   |   By My Sanantonio

WASHINGTON - 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.
The action will cancel $3.9 billion in federal student debt for 208,000 borrowers, the Education Department said. The 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...
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