Education Department Must Wipe Out Student Loans For 500,000 Borrowers Under Settlement, Says Court
Borrowers scored a major victory on Friday after a federal appeals court rejected a challenge to a landmark settlement agreement, and required the Education Department and Secretary of Education Linda McMahon to continue discharging the federal student loans for more than 500,000 Americans. The ruling represents the department’s latest loss in the long running saga over the Sweet v. McMahon settlement.
