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A comment on Soaring Student Debt Prompts Calls for Relief. Parent comment

Re:Soaring Student Debt Prompts Calls for Relief by undersuit on Thursday September 15, 2016 @02:03PM (#12508345)
I'm not aware of how ITT loan discharge will proceed[1] but they shut down because they didn't want to keep the necessary amount of cash on hand so that if they did shut down they could forgive all the loans their current students were issued.

[1] <https://studentaid.ed.gov/sa/about/announcements/itt/faq>

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