Biden administration cancels $3.9 billion in student debt for 208,000 borrowers defrauded by ITT Tech

[Zeedox]

Biden administration cancels $3.9 billion in student debt for 208,000 borrowers defrauded by ITT Tech

The U.S. Department of Education announced Tuesday that it would cancel the student loans for 208,000 borrowers who attended ITT Technical Institute.

www.cnbc.com

 

[Gomez Adams]

Well, that's sort of bullshit, isn't it?

After all, ITT lost a class action lawsuit and not only had to cancel the debt owed by all members of the class, but pay them damages in the low 5 figures.