$25 million in debt canceled for Nebraska students defrauded by ITT Tech
LINCOLN, Neb. (KLKN) – Over $25 million will be sent back to Nebraska students who were defrauded by ITT Technical Institute, the state Attorney General’s Office said.
On Tuesday, the Biden administration announced that students who used federal loans to attend ITT Tech, a defunct for-profit college, would have that debt canceled.
During an investigation, authorities found “widespread and pervasive misrepresentations” at the school, the Associated Press reported.
Around 1,340 Nebraskans who attended the school will now have around $25,100,000 of student debt canceled.
Across the nation, 208,000 former ITT students since January 2005 will get around $3.9 billion in full loan discharges, according to the Attorney General’s Office.
Those students will not need to take any action, as those federal loans will be automatically canceled.