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Tens Of Thousands Of Defrauded ITT Tech Pupils Are Receiving Their Loans Erased

Tens Of Thousands Of Defrauded ITT Tech Students Are Becoming Their Loans Erased

Pupils get the hinged doors locked towards the ITT Technical Institute campus in Rancho Cordova, Calif. The U.S. Education Department claims it is erasing student financial obligation for tens and thousands of borrowers whom attended the for-profit university chain that made exaggerated claims about its graduates' success to locate jobs. Deep Pedroncelli/AP hide caption

Pupils get the doorways locked to your ITT Technical Institute campus in Rancho Cordova, Calif. The U.S. Education Department states it is erasing pupil financial obligation for 1000s of borrowers who went to the for-profit college chain that made exaggerated claims about its graduates' success to locate jobs.

The U.S. Education Department said Wednesday it is erasing pupil debt for a large number of borrowers whom went to a for-profit university chain that made exaggerated claims about its graduates' success to find jobs.