The
The decision affects 208,000 borrowers who owed some
The department reviewed internal records from ITT, along with interviewing borrowers, ITT managers and recruiters before making their decision.
"The evidence shows that for years, ITT's leaders intentionally misled students about the quality of their programs in order to profit off federal student loan programs, with no regard for the hardship this would cause," Cardona said in a statement.
"The Biden-Harris administration will continue to stand up for borrowers who've been cheated by their colleges, while working to strengthen oversight and enforcement to protect today's students from similar deception and abuse."
The department said the decision will include ITT borrowers who have not yet applied for the borrower defense to repayment discharge,allowing them to have the loan forgiven without any additional action on their part.
"ITT defrauded hundreds of thousands of students, as we identified when I was the director of the
"By delivering the loan relief students deserve, we are giving them the opportunity to resume their educational journey without the unfair burden of student debt they are carrying from a dishonest institution."
The
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