170,000 borrowers to see student loan debt erased
More than 170,000 borrowers will have their student loan debt erased as part of a years-long class-action battle over about $23 billion in canceled loans.
In the case, filed in 2019, several students applied to the Department of Education for federal student loan relief under the Borrower Defense rule because predatory for-profit schools misled them or defrauded them. Even though the Biden administration reached a settlement in 2022, the Trump administration continued to delay giving the borrowers relief, according to the Project on Predatory Student Lending, which brought the case on behalf of the plaintiffs.
