$3.9 billion in debt is canceled for former students of ITT Tech
The cancelation in federal student debt for 208,000 borrowers came after authorities found "widespread and pervasive misrepresentations" at the defunct college chain, the Education Department said.
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 . The debt is being forgiven using a federal rule known as , which is meant to protect students from colleges that make false
