Students who used federal loans to attend ITT Technical Institute as far back as 2005 will automatically get that debt canceled.
WASHINGTON — Students who used federal loans to attend ITT Technical Institute as far back as 2005 will automatically get that debt canceled after authorities found “widespread and pervasive misrepresentations” at the defunct for-profit college chain, the Biden administration announced Tuesday.
President Joe Biden supported debt cancellation as a presidential candidate and for months has been considering . He recently promised a decision by the end of August, but Tuesday’s announcement cast no new light on his thinking. At its height, ITT was among the largest for-profit college chains in the nation, with 130 campuses across 38 states. The company after facing heavy sanctions from the Education Department amid accusations that the company pushed students into risky loans and misled them about the quality of academic programs.
Investigators found widespread evidence that ITT Tech made false claims about the ability of its students to find jobs after graduating, the agency said. They also found that the chain misled students about their ability to get credits transferred to other schools, and about the accreditation of the chain’s nursing program.
“It was all for a degree that no one takes seriously. Whenever I told employers where I attended college, I was shown the door,” said Berkhalter, of Lima, Ohio.
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