Department of Education (ED) discharge of Student Loans 2022
Did the Department of Education discharge student loans?
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.