Students who used federal loans to attend ITT Technical Institute as far back as 2005 will automatically get that debt canceled.
. He recently promised a decision by the end of August, but Tuesday’s announcement cast no new light on his thinking.
At its height, ITT was among the largest for-profit college chains in the nation, with 130 campuses across 38 states. The companyafter facing heavy sanctions from the Education Department amid accusations that the company pushed students into risky loans and misled them about the quality of academic programs.
“ITT defrauded hundreds of thousands of students,” said Richard Cordray, chief of Federal Student Aid, the federal office that oversees student loans. “By delivering the loan relief students deserve, we are giving them the opportunity to resume their educational journey without the unfair burden of student debt they are carrying from a dishonest institution.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
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.
Weiterlesen »
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
Weiterlesen »
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.
Weiterlesen »
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.
Weiterlesen »
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.
Weiterlesen »
Student loans dismissed: $3.9 billion more canceled; Do you qualify?“It is time for student borrowers to stop shouldering the burden from ITT’s years of lies and false promises,” said U.S. Secretary of Education Miguel Cardona said in a statement.
Weiterlesen »