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 fraud.
“The evidence shows that for years, ITT’s leaders intentionally misled students about the quality of their programs in order to profit off federal student loan programs, with no regard for the hardship this would cause,” Education Secretary Miguel Cardona said.
Through targeted cancellation for specific groups of borrowers, the administration says it has now approved nearly $32 billion in student debt for 1.6 million borrowers. In a separate action, the Education Department began a process to recoup $24 million from DeVry University to make up for loan cancellations approved by the federal government because of alleged fraud.Biden administration approved $70 million in relief for 1,800 former DeVry students
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