Numlock News: August 18, 2022 • Dijon, Orchestra, The Gray Man
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By Walt Hickey ITT The Department of Education announced it will forgive $3.9 billion in student loan debt owned by students of ITT Technical Institute, a now-defunct for-profit college that authorities say misled students about the quality of their offerings. This means that 208,000 students who attended the Institute from 2005 to 2016 will get a clean slate. This is the latest in a string of loan forgiveness for students who were duped into attending a for-profit college that was for-profit first and a college second; so far, the Education Department has forgiven $13 billion in loans related to institutions that took advantage of borrowers, including $6 billion in forgiveness for a half-million students of Corinthian Colleges this past June.
Numlock News: August 18, 2022 • Dijon, Orchestra, The Gray Man
Numlock News: August 18, 2022 • Dijon…
Numlock News: August 18, 2022 • Dijon, Orchestra, The Gray Man
By Walt Hickey ITT The Department of Education announced it will forgive $3.9 billion in student loan debt owned by students of ITT Technical Institute, a now-defunct for-profit college that authorities say misled students about the quality of their offerings. This means that 208,000 students who attended the Institute from 2005 to 2016 will get a clean slate. This is the latest in a string of loan forgiveness for students who were duped into attending a for-profit college that was for-profit first and a college second; so far, the Education Department has forgiven $13 billion in loans related to institutions that took advantage of borrowers, including $6 billion in forgiveness for a half-million students of Corinthian Colleges this past June.