“Our action today will give thousands of borrowers a fresh start and the relief they deserve after ITT repeatedly lied to them,” said Education Secretary Miguel Cardona. “Today’s action is part of the Biden-Harris Administration’s continued commitment to stand up for borrowers when their institutions take advantage of them. Many of these borrowers have waited a long time for relief, and we need to work swiftly to render decisions for those whose claims are still pending. This work also emphasizes the need for ongoing accountability so that institutions will never be able to commit this kind of widespread deception again.”

This action brings the total loan cancellation under borrower defense by the White House to $1.5 billion for approximately 90,000 borrowers. President Bidenpreviously pledged to forgive $10,000 of every borrower's federal student debt but, despite the looming Oct. 1 deadline when the loan payments must resume, there seems to have been little action on this front so far.