Stephen Silver
Biden Student Loans,
The Department of Education has announced the cancellation of $500 million in student loan debt for 18,000 former ITT Tech students.
Here's What You Need to Remember: ITT Technical Institute, a for-profit school that operated nationwide before it folded in 2016, was accused of defrauding thousands of students. Federal agents raided ITT Tech’s headquarters in 2004, leading to class action lawsuits, and ITT Tech was eventually sued in 2014 by the Consumer Financial Protection Bureau.