Attorney General Balderas Calls on U.S. Department of Education to Cancel Loans of ITT Tech Students

Santa Fe, NM—Attorney General Balderas today called on the U.S. Department of Education to cancel federal student loan debt of those who attended ITT Technical Institute. The now defunct for-profit school defrauded thousands of individuals by encouraging them to enroll and borrow loans based on false and misleading information about the value of an ITT degree and empty promises of high-paying jobs after graduation. The borrower defense application that a bipartisan coalition of 24 states and the District of Columbia filed today includes students who attended ITT Tech between at least 2007 and 2011 when these deceptive tactics were used to convince students to attend the school and borrow federal student aid. This widespread and pervasive misrepresentation violated state consumer protection laws. Federal law permits the Department of Education to forgive federal student loans when borrowers were deceived in obtaining loans. The attorneys general are demanding full relief to ITT students, including refunds of the money students already paid on those loans.

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