UNDATED (AP) — The U.S. Education Department says 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 is approving 18,000 loan forgiveness claims from former students of ITT Technical Institute, a chain that closed in 2016. The loan discharges will clear more than $500 million in debt. The move announced Wednesday marks a step forward in the Biden administration’s effort to clear a backlog of claims in a program that provides loan forgiveness to students defrauded by their colleges. Many students said it was harder to find jobs when they listed ITT Tech on their resumes.
Photo: FILE – In this Sept. 6, 2016, file photo (AP Photo/Rich Pedroncelli, File)