More ITT Technical Institute students see loans forgiven – Chicago Tribune

The U.S. Education Department said Wednesday it’s erasing student debt for thousands of borrowers who attended a for-profit college chain that made exaggerated claims about its graduates’ success in finding jobs.

The Biden administration said it is approving 18,000 loan forgiveness claims from former students of ITT Technical Institute, a chain that closed in 2016 after being dealt a series of sanctions by the Obama administration. At the time it shut down, there were four ITT Tech campuses in Illinois: Arlington Heights, Oak Brook, Orland Park and Springfield.

The new loan discharges will clear more than $500 million in debt.

Source: More ITT Technical Institute students see loans forgiven – Chicago Tribune