Education Department will cancel student debt for 115,000 borrowers, mainly those that attended this defunct schools

This is going to be a lucky year for folks that qualify for the $1.1 billion loan cancellation plan by the federal government. See below if you qualify.

• The U.S. Department of Education announced Thursday that it will forgive $1.1 billion in student debt for 115,000 borrowers.
• The debt forgiveness will go to those who attended ITT Technical Institute, a for-profit school that is now defunct.
• The Biden administration has cancelled student loans for more than 563,000 borrowers since January.