Former ITT Tech Students $4 billion loan Forgiven

Former ITT Tech students have had $4 billion in federal student loan debt forgiven.

Federal investigations revealed that the school, which was closed in 2016, was implicated in the decision.

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students who make exaggerated claims about their capacity to transfer credits or find employment.

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All remaining federal student loans obtained for ITT Tech's start in January.

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Without further action from the borrowers, the 2005 through its closure will be cancelled.

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With more than 130 campuses, ITT Tech was one of the biggest for-profit education chains in the country.

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It had more than 8,000 employees and 35,000 students enrolled when it closed.

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Students have been the main focus of the Biden administration's efforts so far to forgive federal student loans.

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