The Department of Education just announced that 18,000 former ITT students have gotten their borrower defense to repayment applications approved. In total this is another $500 million of debt.
@for_profit_colleges please let us know if you attended ITT!
This is great news!
As with past announcements like this, I expect the follow-through from the Department of Education to be messy, and we need to make sure that people don’t fall through the cracks.
It sounds like roughly half of the people who got approved for 100% discharge back in March have still not been notified. So it could take several months before they actually notify all 18,000 people, and I worry they might not ever notify some people.
There is also a question for what to do if you have older FFEL loans (federal student loans from before 2010). I will try to seek clarification from the Department as to what to do for FFEL loans. In the past the Department has required people in this situation to consolidate their FFEL loans into direct loans in order to facilitate the discharge. As far as I know, that is still the case, but I will seek clarification.
This is great news and it is time to celebrate!!! We will continue fighting to until all debt is cancelled, and we will continue to be vigilant to make sure they follow-through. But it is also important to relish these victories and celebrate them when they come.