450,000 defrauded student loan borrowers are eligible for debt relief. How it works.
A years-long legal battle that left hundreds of thousands of student loan borrowers in limbo is ending.
After a recent court ruling, students who were defrauded by the schools they attended — mostly for-profit colleges that misrepresented the value their degrees could offer students — may soon get relief.
The Sweet v. McMahon case has been ongoing since 2019. Though a settlement was approved in 2022, some eligible borrowers still haven't had their loans discharged or refunded. Appeals from the Department of Education and affected schools have led to delays in the process.
