This year, the Department of Education has discharged (or canceled) over $9 billion in student debt, which is affecting hundreds of thousands of borrowers. So, what does this mean for your ITT Tech student loan?
What Does This Mean For You?
According to the Department of Education, “the U.S. Department of Education announced it will make $1.1 billion in closed school discharges available to an additional 115,000 borrowers who attended the now-defunct ITT Technical Institute (ITT).” The Department of Education will begin processing discharges this month, so former students will start receiving automatic discharges in the following weeks.
What Steps Should You Take Next?
First, you need to determine if you attended ITT Tech between November 1, 2013 and July 1, 2020. If so, you will receive an automatic discharge if you enroll in another school/institution within three years of your school location’s closure. Please go to the Department of Education’s website for more detailed information: the Department of Education
Did you enroll somewhere else? You will need to submit an application by contacting the servicer or going to the Student Aid website to complete the application. Give the completed application to your servicer.
Interested in Discharging Other Debts?
At the Law Office of Daniela Romero, we believe in relationships that are based on trust. Before we work together, we would like you to get to know us. We want you to be sure that we are the perfect fit for you. This will allow you to be completely comfortable sharing intimate and difficult details of your case, so we can offer you representation to the fullest extent of the law. Call us today to set up a free consultation.