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To date, the Biden administration has discharged $22.5 billion for over 1.3 million borrowers who were defrauded by their schools under the borrower defense discharge, according to the Education ...
In 2023, the Education Department broke down claims into six distinct areas and revamped the borrower defense application. You may qualify if your claim falls into any of six categories ...
The GAO report also found that the majority of students affected by a closing institution were enrolled at a for-profit college. For instance, between 2010 and 2020 around 246,000 student loan ...
ITT Technical Institute (ITT Tech) was a private for-profit technical institute with its headquarters in Carmel, Indiana and many campuses throughout the United States. Founded in 1969 and growing to 130 campuses in 38 states of the United States, ITT Tech was one of the largest for-profit educators in the US before it closed in 2016.
On Friday, the Department of Education announced that it will begin discharging student loan debts for borrowers who’ve been in repayment for 20-25 years under a one-time payment adjustment ...
For-profit colleges have frequently offered career-oriented curricula including culinary arts, business and technology (including coding bootcamps ), and health care. These institutions have a long history in the US, and grew rapidly from 1972 to 2009, fueled by government funding and corporate investment. [ 30]
Borrowers who think GCU made misrepresentations may qualify for borrower’s defense discharge and should apply online or call the Department of Education’s hotline at (855) 279-6207 if they ...
In 2022, the US government discharged more than $71 million in student loan debt for 1,800 former students of DeVry University, asserting that the university deceived students in the enrollment process. [25] In 2023, Elise Awwad became the first female President and CEO of DeVry. The main campus and headquarters were moved to Lisle, Illinois. [26]