Navy College Program > Topic Listing> Article: Department of Education (ED) discharge of Student Loans 2022

Department of Education (ED) discharge of Student Loans 2022

Article ID: 107606 Print
Question
Did the Department of Education discharge student loans?

Answer

The Department of Education announced that it will discharge all remaining federal student loans that borrowers received to attend ITT Technical Institute (ITT) from January 1, 2005, through its closure in September 2016. The decision, which follows Departmental findings based on extensive internal records, testimony from ITT managers and recruiters, and first-hand accounts from borrowers, will result in 208,000 borrowers receiving $3.9 billion in full loan discharges.

If the Service member falls into the group discharge (refer to the dates above) they are not required to take any action, there will be an automatic discharge of the loan.


related articles

Article Details
Views: 1384 Created on: Aug 18, 2022
Date updated: Aug 18, 2022
Posted in: NCP, Other ED

Poor
Outstanding