登录查看更多内容

Education Department Cancels $3.9 Billion of Student Debt for Former ITT Tech Students

Cid Yousefi

CEO of Campus Ivy

发布日期: 2022年8月17日

The Department of Education (ED) announced on Tuesday it would cancel $3.9 billion worth of federal student loans owed by former students of ITT Technical Institute (ITT), a for-profit college that shut down in?September 2016.??

The announcement states that all remaining federal student loans that borrowers received to attend ITT from Jan. 1, 2005, through its closure in September 2016, will be discharged. The decision amounts to 208,000 borrowers receiving $3.9 billion in full loan discharges and includes borrowers who have not yet applied for a borrower defense to repayment discharge.?

Yann Fard

Broker Associate @ Equity Union

2 年

Was that from tax payers money?

查看更多评论

要查看或添加评论，请登录

Cid Yousefi的更多文章

More Universities Join Chicago in Settling Financial Aid Lawsuit

2024年1月17日

More Universities Join Chicago in Settling Financial Aid Lawsuit

Price-fixing in Higher Ed! Emory, Rice and Vanderbilt Universities all appear to have settled in a financial aid…
Community college enrollment is down. Here’s what will happen to workers and the US economy if it doesn’t come back

2024年1月11日

Community college enrollment is down. Here’s what will happen to workers and the US economy if it doesn’t come back

Washington, DCCNN — Community colleges provide access to postsecondary education at a much lower cost compared to…
A Sense of Belonging for Workforce Retention - Poll by Educause

2023年11月30日

A Sense of Belonging for Workforce Retention - Poll by Educause

The Bottom Line QuickPoll respondents who felt a higher sense of belonging were more likely to be satisfied in their…
Growing Enrollment, Shrinking Future

2023年10月26日

Growing Enrollment, Shrinking Future

Skip to main content Growing Enrollment, Shrinking Future Undergraduate enrollment rose for the first time since 2020…
Going to College While Going Without

2023年9月27日

Going to College While Going Without

A new report says a majority of California community college students are struggling to meet their basic needs. Some…
‘U.S. News’ Rankings Not the ‘Behemoth’ Perceived

2023年9月13日

‘U.S. News’ Rankings Not the ‘Behemoth’ Perceived

A new report says the publication’s “Best Colleges” rankings play a “notable but decidedly supporting role” in…

1 条评论
About 75% of students want to attend college — but far fewer expect to actually go

2023年5月23日

About 75% of students want to attend college — but far fewer expect to actually go

While nearly three-quarters of the high school class of 2023 aspired to attend college, a lesser share, two-thirds…
University of Phoenix to Affiliate With University of Idaho

2023年5月18日

University of Phoenix to Affiliate With University of Idaho

After deal with Arkansas system breaks down, a new entity created by Idaho is poised to buy and manage the for-profit…
Colleges Fear Cost of Doing Business Will Become Much Costlier.

2023年3月1日

Colleges Fear Cost of Doing Business Will Become Much Costlier.

Campus Ivy has been helping schools of all sizes and structure reduce their overall costs while improving the…
Reforms Urged on Education Dept. Admissions Data Collection

2023年2月1日

Reforms Urged on Education Dept. Admissions Data Collection

Campus Ivy supports this and is willing to assist the Dept with the technology needed to do this process easier and…

1 条评论

See all articles

Education Department Cancels $3.9 Billion of Student Debt for Former ITT Tech Students

Cid Yousefi

CEO of Campus Ivy

Cid Yousefi的更多文章

社区洞察

其他会员也浏览了

What Student Loan Debt Means for the American Dream

Drowning in Federal Student Debt ?

Student Debt Issues

Student Loans: avoid them or use them the smart way?

Return of Student Loan Payments Will Stretch Household Budgets

Student Loans: avoid them or use them the smart way?

Student Loans: avoid them or use them the smart way?

Student Loans: avoid them or use them the smart way?

Managing Student Loans

Forgiving Student Loans Doesn't Solve the Problem

Cid Yousefi的更多文章

More Universities Join Chicago in Settling Financial Aid Lawsuit

Community college enrollment is down. Here’s what will happen to workers and the US economy if it doesn’t come back

A Sense of Belonging for Workforce Retention - Poll by Educause

Growing Enrollment, Shrinking Future

Going to College While Going Without

‘U.S. News’ Rankings Not the ‘Behemoth’ Perceived

About 75% of students want to attend college — but far fewer expect to actually go

University of Phoenix to Affiliate With University of Idaho

Colleges Fear Cost of Doing Business Will Become Much Costlier.

Reforms Urged on Education Dept. Admissions Data Collection

社区洞察

其他会员也浏览了

What Student Loan Debt Means for the American Dream

Drowning in Federal Student Debt ?

Student Debt Issues

Student Loans: avoid them or use them the smart way?

Return of Student Loan Payments Will Stretch Household Budgets

Student Loans: avoid them or use them the smart way?

Student Loans: avoid them or use them the smart way?

Student Loans: avoid them or use them the smart way?

Managing Student Loans

Forgiving Student Loans Doesn't Solve the Problem