Student Borrower Advocates Ask Education Department to Cancel 25+-Year-Old Debts from Closed For-Profit Colleges | Press Release
Student borrower advocates submitted a group closed school discharge request today to the U.S. Department of Education on behalf of all student borrowers, including their clients, who attended a for-profit school listed in the Department’s official closed school search file with a closure date prior to January 1, 1994. Due to the timing of their loans, these borrowers lack access to alternative borrower defense rights to cancel their loans.
Student Advocates Announce Closed School Discharges for Over 30,000 Student Borrowers | Press Release
Student Defense and the Project on Predatory Student Lending issued statements today responding to the U.S. Department of Education’s confirmation that it had discharged loans for over 30,000 student borrowers under the automatic closed school discharge provision of the 2016 borrower defense rule. The discharges include roughly $95.1 million in relief for approximately 7,700 former students of the predatory for-profit college, ITT Tech.
Project on Predatory Student Lending Statement on Education Department’s Processing of Automatic Closed School Discharges For Former ITT Students | Press Release
The Project on Predatory Student Lending today issued the following statement after the U.S. Department of Education confirmed it has finally begun to process automatic closed school loan discharges for a select group of former students of the predatory for-profit college, ITT Tech.