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Sunday, July 5, 2026

Biden administration cancels another $3.9 billion in student loan debt for former for-profit college students

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The Department of Education said Tuesday that it will cancel $3.9 billion in student loan debt for 208,000 students who attended the now-defunct for-profit ITT Technical Institute — bringing the total amount of loan discharges approved under President Joe Biden to nearly $32 billion.

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