The U.S. Education Department said Wednesday it’s erasing student debt for thousands of borrowers who attended a for-profit college chain that made exaggerated claims about its graduates’ success in finding jobs. The Biden administration said it is approving 18,000 loan forgiveness claims from former students of ITT Technical Institute, a chain that closed in 2016 after being dealt a series of sanctions by the Obama administration.
Web Exclusive: Young lawyers say hefty student loans limit life after graduation
A recent survey of nearly 1,100 young lawyers found that many new attorneys are making major financial, personal and career sacrifices as a result of their student loans. That includes decisions ranging from marriage and children to making big purchases or taking vacations. The survey hits home for many young Indiana lawyers.Read More
In an effort to address the crushing weight posed by student loan debt, the American Bar Association House of Delegates adopted a resolution penned by a group of young lawyers during its midyear meeting last week. The resolution urges programs to assist law school graduates and law students experiencing financial hardship due to their student loan debt.
A bill that would require students at public schools to complete the Free Application for Federal Student Aid advanced to the Indiana House after lawmakers approved the measure in a Senate vote Tuesday.
Months after vowing to process a backlog of 160,000 requests for loan forgiveness from students who say they were defrauded by their schools, the U.S. Education Department has rejected 94% of claims it has reviewed, according to a federal judge who is demanding justification for the “blistering pace” of denials.
People with federal student loans don’t have to make another federal payment in 2020. Now is the time, though, to decide what to do before your bill arrives in January 2021.
A Hamilton County adoption was reversed after a trial court wrongly found the biological mother’s consent to her child’s adoption was not required. The Indiana Court of Appeals on Monday found the trial court lacked evidence to support its findings.
Hundreds of former ITT Tech students in Indiana will find some ease from their student loans now that millions have been secured in a national legal settlement to cover their debt.
Former ITT Educational Services Inc. CEO Kevin Modany has agreed to pay $200,000 and accept a five-year ban from serving as an executive of a public company to settle a Securities and Exchange Commission lawsuit accusing management of hiding the rapidly eroding financial condition of the now-defunct firm from investors. Former ITT Chief Financial Officer Daniel Fitzpatrick agreed to pay $100,000 and accept the same ban under a separate settlement.