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Education Department to cancel $500 million in debt for former ITT students

The Education Department announced Wednesday it’s wiping out $500 million in student loan debt for some 18,000 borrowers who attended ITT Technical Institute. Betsy Mayotte, TISLA’s president welcomed the news by saying “They’re being proactive about it– I think it’s a great indication that the department is looking to streamline this pretty onerous and sometimes difficult process for defrauded borrowers.”