Department of Education Cancels Nearly $4 Billion in Student Loans
On Tuesday, August 16, the United States Department of Education issued a press release stating its intent to discharge all federal student loans that borrowers received to attend ITT Technical Institute from Jan. 1, 2005, through its closure in September 2016, amounting to $3.9 billion in full loan discharges between 208,000 borrowers. This is the…