(Baltimore, MD) -- Maryland's ITT Technical Institute students are off the hook for their federal loan debt.
Breaking: ED will discharge all federal student loans borrowers received to attend ITT Technical Institute from January 2005 through its closure in September 2016, giving 208,000 borrowers $3.9 billion in full loan discharges. https://t.co/hAi0FgcpHs
— U.S. Department of Education (@usedgov) August 16, 2022
⬇️ Here's how it happened ⬇️ pic.twitter.com/4py8ledJyo
The Department of Education canceled the debt for about 200,000 people, including 4,000 in Maryland.
Education Secretary Miguel Cardona said leaders at ITT "intentionally misled students about the quality of their programs in order to profit off federal student loan programs."
The move wipes out $73 million in student loan debt for local residents.
Article contributed by source.metronetworks.com
