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For the second week in a row, the U.S. Department of Education has announced another wave of student loan forgiveness. On Thursday, the agency said it will wipe out student loan balances totaling $1.1 billion for students who attended the now-defunct ITT Technical Institute. That follows the $5.8 billion in student loans canceled earlier this […]
ITT Tech filed bankruptcy and abruptly closed in 2016, and U.S. DOE has already forgiven loans for 18,000 student borrowers it said were misled by the school as it grappled with financial troubles.
The action by the Education Department marks a continuation of the Biden administration’s aggressive expansion of debt-relief programs.
Miranda Coal is a freelancer. Writes articles on her own experience and likes to play guitar.
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