Department of Education Student Loan Ruling
A federal appeals court has approved automatic student loan forgiveness for approximately 170,000 borrowers involved in the Sweet v. McMahon case, which addresses claims of college misrepresentation and the Department of Education's failure to process borrower defense requests. The decision confirms that borrowers who submitted claims between June 23 and November 15, 2022, and missed deadline processing are entitled to relief without reapplying. This ruling is part of a settlement that has already provided or promised about $23 billion in aid to over 500,000 people.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)