$4 billion in Federal Student loan Canceled for ITT Students
Federal investigations revealed that the school, which was closed in 2016, was implicated in the decision.
students who make exaggerated claims about their capacity to transfer credits or find employment.
All remaining federal student loans obtained for ITT Tech's start in January.
Without further action from the borrowers, the 2005 through its closure will be cancelled.
With more than 130 campuses, ITT Tech was one of the biggest for-profit education chains in the country.
It had more than 8,000 employees and 35,000 students enrolled when it closed.
Students have been the main focus of the Biden administration's efforts so far to forgive federal student loans.