On August 26, 2021, the U.S. Department of Education (USDE) announced it extend the closed school discharge window for former ITT students to March 31, 2008, resulting in more than $1.1 billion in loan forgiveness available to an additional 115,000 borrowers. The Department estimates that 43 percent of these borrowers are currently in default. The amount of loan discharges approved by the Department since January 2021 totals $9.5 billion and across 563,000 borrowers.

Under USDE regulations, borrowers eligible for a closed school discharge and attended an institution that shut down between November 1, 2013, and July 1, 2020, will receive an automatic discharge as long as they did not enroll in another institution within three years of their school’s closure. Eligible borrowers who attended ITT within 120 days of its closure in 2016 received automatic discharges in 2019. The majority of the ITT borrowers covered by the latest action did not enroll elsewhere during the three years after ITT’s closure and will not need to take any further action to receive a discharge.

Borrowers who enrolled elsewhere but did not complete their program of study may still be eligible for a discharge, but will need to submit an application. Borrowers can access the closed school discharge application by contacting their servicer or visiting StudentAid.gov/closedschoolform and returning a completed application to their servicer. The Department will begin processing discharges in September 2021 and borrowers will start receiving automatic discharges in the following weeks.

More information from USDE:
https://www.ed.gov/news/press-releases/extended-closed-school-discharge-will-provide-115k-borrowers-itt-technical-institute-more-11b-loan-forgiveness