Education Department Cancels 3.9 Billion In Student Loans For Itt Tech
The Washington Post | The Washington Post | Getty Images The U.S. Department of Education announced Tuesday it will cancel all remaining federal student debt taken out by borrowers defrauded by ITT Technical Institute since 2005, providing $3.9 billion in relief to about 208,000 people. ITT Educational Services was once one of the largest operators of for-profit technical schools in the U.S. and shut down in 2016. Borrowers would not have to apply for the relief, the Education Department said....