Thousands Of Defrauded ITT Tech Students Are Getting Their Loans Erased
3 years, 6 months ago

Thousands Of Defrauded ITT Tech Students Are Getting Their Loans Erased

NPR  

Thousands Of Defrauded ITT Tech Students Are Getting Their Loans Erased Enlarge this image toggle caption Rich Pedroncelli/AP Rich Pedroncelli/AP The U.S. Education Department said Wednesday it's erasing student debt for thousands of borrowers who attended a for-profit college chain that made exaggerated claims about its graduates' success in finding jobs. The Biden administration said it is approving 18,000 loan forgiveness claims from former students of ITT Technical Institute, a chain that closed in 2016 after being dealt a series of sanctions by the Obama administration. The Biden administration is moving to undo Betsy DeVos' loan rules Following the collapse of Corinthian and other beleaguered for-profit colleges, the Obama administration moved to make it easier for students to get loans erased. Cardona began chipping away at DeVos' rules in March when he rescinded a formula that allowed the Education Department to give only partial loan discharges to students whose claims were approved.

Education Students Trump Relief Loan Administration Claims Biden Department Borrowers Cardona Former Students Itt Whose Claims Itt Tech Erased Thousands  erased  thousands  tech  department  claims  getting  loans  students  defrauded  relief  administration  loan  itt  borrowers  education

History of this topic

Trump win clouds Biden's student debt cancellation efforts
1 month, 2 weeks ago

Trump win clouds Biden's student debt cancellation efforts

India Today  

President-elect Donald Trump’s victory has cast doubt on the future of student loan forgiveness in the US, raising concerns for borrowers who had hoped for relief under President Joe Biden’s policies. Both hoped for relief from Biden’s proposed loan forgiveness, but now, with Trump and Republican-led states opposing the programme, the future of these efforts remains uncertain. REPUBLICAN CRITICISM AND …

$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
7 months, 3 weeks ago

$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes

LA Times  

People walk past the Art Institute of Philadelphia in 2015. The Biden administration on Wednesday said it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed in 2023 amid accusations of fraud. On Wednesday, the Biden administration announced that it was canceling $6.1 billion in student loan debt …

Biden Administration Cancels Nearly $4 Billion In ITT Tech Student Debt
2 years, 4 months ago

Biden Administration Cancels Nearly $4 Billion In ITT Tech Student Debt

Huff Post  

LOADING ERROR LOADING 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 new policy will automatically cancel any remaining federal student debt that was used to attend …

$3.9 billion in debt is canceled for former students of ITT Tech
2 years, 4 months ago

$3.9 billion in debt is canceled for former students of ITT Tech

NPR  

$3.9 billion in debt is canceled for former students of ITT Tech Enlarge this image toggle caption Rich Pedroncelli/AP Rich Pedroncelli/AP 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 …

Settlement would forgive $6B for defrauded college students
2 years, 6 months ago

Settlement would forgive $6B for defrauded college students

Associated Press  

The Biden administration has agreed to cancel $6 billion in student loans for about 200,000 former students who say they were defrauded by their colleges, according to a proposed settlement in a Trump-era lawsuit. The agreement filed Wednesday in San Francisco federal court would automatically cancel federal student debt for students who were enrolled at one of more than 150 …

U.S. will forgive $5.8 billion of loans to Corinthian Colleges students
2 years, 6 months ago

U.S. will forgive $5.8 billion of loans to Corinthian Colleges students

NPR  

U.S. will forgive $5.8 billion of loans to Corinthian Colleges students Enlarge this image toggle caption Christine Armario/AP Christine Armario/AP The U.S. Department of Education will forgive $5.8 billion of federal student loans for those who attended Corinthian Colleges, a chain of for-profit schools that deceived students about their job placement rates and students' ability to transfer credits. 'Wholesale financial …

US: Debt wiped for Corinthian students as bigger decisions loom
2 years, 6 months ago

US: Debt wiped for Corinthian students as bigger decisions loom

Al Jazeera  

The Biden administration is clearing away $5.8bn for more than 560,000 borrowers. The Biden administration later announced full cancellation for all Corinthian students who had been given only partial forgiveness, but thousands of others were left waiting for the department to process their relief applications. Libby DeBlasio Webster, senior counsel for the advocacy group Student Defense, called it a “fresh …

Former Corinthian students get federal student debt erased
2 years, 6 months ago

Former Corinthian students get federal student debt erased

Associated Press  

WASHINGTON — Hundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal student loans canceled, the Biden administration announced Wednesday, a move that aims to bring closure to one of the most notorious cases of fraud in American higher education. “For far too long, Corinthian engaged in the wholesale financial exploitation of students, …

Anonymous Donor Clears Student Debt For Over 100 Graduates At Texas HBCU
2 years, 7 months ago

Anonymous Donor Clears Student Debt For Over 100 Graduates At Texas HBCU

Huff Post  

LOADING ERROR LOADING During their commencement ceremony on Saturday, over 100 graduates at Wiley College in Marshall, Texas, found out that an anonymous donor had paid off their class’ student debt. Herman J. Felton Jr., the president and CEO of Wiley College, informed the graduating class of 2022 of the news during his commencement speech at the historically Black college. …

Loan forgiveness offered to more former ITT Tech students
3 years, 3 months ago

Loan forgiveness offered to more former ITT Tech students

Associated Press  

The Education Department announced Thursday it will forgive student debt for more than 100,000 borrowers who attended colleges in the now-defunct ITT Technical Institute chain but left before graduating. During that period, the department said, ITT Tech lied about its financial health and misled students into taking on debt they couldn’t repay. The action will offer $1.1 billion in loan …

Loan relief approved for more for-profit college students
3 years, 5 months ago

Loan relief approved for more for-profit college students

Associated Press  

The U.S. Education Department on Friday announced it will forgive student loans for more than 1,800 borrowers who attended a trio of for-profit colleges that made false recruiting claims and left many students unable to find jobs. The Biden administration is erasing more than $55 million in debt for former students of Westwood College, the Marinello Schools of Beauty and …

Biden administration cancels $500m in student loan debt for 18,000 students defrauded by college
3 years, 6 months ago

Biden administration cancels $500m in student loan debt for 18,000 students defrauded by college

The Independent  

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Loan relief granted to defrauded for-profit college students
3 years, 6 months ago

Loan relief granted to defrauded for-profit college students

Associated Press  

The U.S. Education Department said Wednesday it’s erasing student debt for thousands of borrowers who attended a for-profit college chain that made exaggerated claims about its graduates’ success in finding jobs. The Biden administration said it is approving 18,000 loan forgiveness claims from former students of ITT Technical Institute, a chain that closed in 2016 after being dealt a series …

Students who got partial loan relief to see full discharge
3 years, 9 months ago

Students who got partial loan relief to see full discharge

Associated Press  

WASHINGTON — Thousands of students defrauded by for-profit schools will have their federal loans fully erased, the Biden administration announced Thursday, reversing a Trump administration policy that had given them only partial relief. “A close review of these claims and the associated evidence showed these borrowers have been harmed, and we will grant them a fresh start from their debt.” …

Trump administration suspends student loan payments through January
4 years ago

Trump administration suspends student loan payments through January

The Independent  

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