{"id":5988,"date":"2021-09-04T10:00:00","date_gmt":"2021-09-04T15:00:00","guid":{"rendered":"https:\/\/hoorfarlaw.com\/blog\/?p=5988"},"modified":"2021-08-27T13:10:57","modified_gmt":"2021-08-27T18:10:57","slug":"education-department-to-forgive-1-1-billion-for-itt-students","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=5988","title":{"rendered":"Education Department to Forgive $1.1 Billion for ITT Students"},"content":{"rendered":"\n<p>The Education Department has said that it will forgive the federal loans of students who attended ITT Technical Institute but left after March 2008 without completing a degree. This forgiveness will apply to 115,000 borrowers amounting to more than $1 billion in debt. \u00a0ITT, a for-profit chain accused of fraudulently luring in students with inflated claims about the earnings and career prospects of its graduates, went bankrupt in 2016. This means the cost of eliminating this debt will largely fall on taxpayers.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/08\/itt-tech.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/08\/itt-tech-1024x576.png\" alt=\"\" class=\"wp-image-5989\" width=\"283\" height=\"158\" srcset=\"https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/08\/itt-tech-1024x576.png 1024w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/08\/itt-tech-300x169.png 300w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/08\/itt-tech-768x432.png 768w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/08\/itt-tech.png 1280w\" sizes=\"auto, (max-width: 283px) 100vw, 283px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>Loan forgiveness for ITT students has already been offered in the past, but this announcement means that many more borrowers will now be eligible. March 2008 was chosen as the cut off for eligibility because that is the period that the Education Department determined ITT\u2019s executives schemed to disguise the company\u2019s true financial condition, which drove up costs for students while reducing the quality of the education that they received.<\/p>\n\n\n\n<p><strong>Struggling financially? Considering bankruptcy? We can help. Give us a call at (816) 524-4949 or visit our <a href=\"https:\/\/hoorfarlaw.com\">website <\/a>to book a free consultation.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Education Department has said that it will forgive the federal loans of students who attended ITT Technical Institute but left after March 2008 without completing a degree. This forgiveness will apply to 115,000 borrowers amounting to more than $1 &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=5988\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1117,1133,1],"tags":[1168],"class_list":["post-5988","post","type-post","status-publish","format-standard","hentry","category-bankruptcy","category-debt","category-general","tag-student-loan-forgiveness"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5988"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5988\/revisions"}],"predecessor-version":[{"id":5990,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5988\/revisions\/5990"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}