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Home / For-Profit Schools / Frauds and Swindling / Student Loans / The Education Department cancels $500 million in debt for defrauded ITT students.

The Education Department cancels $500 million in debt for defrauded ITT students.

June 16, 2021 For-Profit Schools, Frauds and Swindling, Student Loans

By BY STACY COWLEY from NYT Business https://ift.tt/2TDavPg

The Education Department cancels $500 million in debt for defrauded ITT students.

The Education Department cancels $500 million in debt for defrauded ITT students.

Reviewed by admin on June 16, 2021 Rating: 5

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The student loan payment pause will also reset the accounts of millions of defaulted borrowers.

Colleges and Universities

FedLoan, a handler of millions of federal student loans, won’t renew its contract.

For-Profit Schools

The Education Department cancels $500 million in debt for defrauded ITT students.

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