How many students attend itt tech

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. The U. For the third time since March, the U. The for-profit chain closed in after a series of sanctions by the Obama administration. Secretary of Education Miguel Cardona said in a statement. At the same time, the continued cost of addressing the wrongdoing of ITT and other predatory institutions yet again highlights the need for stronger and faster accountability throughout the federal financial aid system.

Claims piled up during the Trump administration, which stalled the forgiveness program and started processing claims only after a federal court demanded it. Following the collapse of Corinthian Colleges Inc. But the overhaul was reversed by the Trump administration, which later wrote its own rules, making it tougher to get relief.

In changing the rules, then-Education Secretary Betsy DeVos said it had become too easy to get loans forgiven. Borrowers who enrolled elsewhere may still be eligible, but must first complete an application available at StudentAid. The department says it will begin processing discharges in September, and borrowers should be notified in the following weeks.

Know about breaking news as it happens. We follow the stories and update you as they develop. Those who went to another college but did not earn degrees may be eligible but must apply for discharges, the agency said. Borrower advocates have been urging the Biden administration to broaden loan relief for students who attended shuttered for-profit colleges.

It is the latest in a series of loan discharges targeting specific groups of students. Earlier this month, Cardona announced he would automatically forgive student loans for , Americans with severe disabilities that leave them unable to earn significant incomes.

But the Biden administration also faces growing pressure to pursue wider student debt forgiveness. Biden has suggested such action needs to come from Congress, but he has asked the Education and Justice departments to study the topic. Earlier this month, Cardona said that study is still underway. Earlier this month, Cardona announced he would automatically forgive student loans for , Americans with severe disabilities that leave them unable to earn significant incomes.

But the Biden administration also faces growing pressure to pursue wider student debt forgiveness. Biden has suggested such action needs to come from Congress, but he has asked the Education and Justice departments to study the topic. Earlier this month, Cardona said that study is still underway. The Education Department has the authority to extend the window for loan forgiveness in cases of school closures, but the power has not often been used.

After the closure of the Corinthian Colleges for-profit chain in , the Obama administration widened the window back to June 20, Business U. Social Sharing. About 43 per cent of those borrowers are in default on their student loans, the department said.