The announcement to cancel $3.9 billion in debt for borrowers who attended ITT Technical Institute is the administration's latest effort to crack down on for-profit colleges.
in 2016 after the Education Department banned it from enrolling new students who use federal financial aid., which allows student debt to be erased if a school misrepresents or lies about its educational degrees.
Among the misrepresentations, the Education Department said: ITT misled students about their ability to get jobs or transfer credits, and it lied about the accreditation of its nursing program.
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