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Colleges appeal $6 billion student loan settlement | Washington Post
“This appeal demonstrates just how desperate these schools are to deny justice for borrowers, and we will not stop fighting until students get the relief they deserve,” said Eileen Connor, director of the Project on Predatory Student Lending, a group representing the borrowers.
Higher ed institutions to appeal Education Department’s $6B settlement with borrowers | Higher Ed Dive
Eileen Connor, president and director of the Project on Predatory Student Lending, one of the groups representing borrowers in the lawsuit, lambasted the three institutions Tuesday for planning to appeal the settlement.
5 higher education lawsuits to watch in 2023 | Higher Ed Dive
The settlement will take effect if an appeal isn’t filed by Jan. 17, according to the Project on Predatory Student Lending, a group that represented borrowers in the class-action lawsuit.
Bay State College faces uncertain future | Boston Globe
“When a school gets into a crisis, all these trends are exacerbated and it seems clear that Bay State is in crisis,” Connor said.
Student Loan Forgiveness Could Be Big In 2023: Here’s What To Expect | Forbes
“Within one year of the effective date of the settlement agreement—currently, January 17, 2023— class members will have their outstanding loans relating to these schools fully discharged,” according to the Project on Predatory Student Lending, the organization representing the class of borrowers. Some borrowers may also receive refunds of past payments as well as credit repair.
Judge grants final approval of $6 billion student loan settlement | Washington Post
“People are just overjoyed,” said Eileen Connor, director of the Project on Predatory Student Lending, a group representing the borrowers. “I’m hopeful this is a path forward for people and for the Department of Education to move forward and have some kind of process that works.”
Judge approves Sweet v. Cardona student debt relief settlement, but likely appeal looms | Higher Ed Dive
A federal judge late Wednesday approved a massive class-action settlement intended to address allegations the U.S. Department of Education stonewalled hundreds of thousands of applications to a program that cancels student loan debts for borrowers whose colleges misled them.
Court awards $6 billion in student loan relief to borrowers | The Hill
A federal court approved a settlement between the Department of Education and around 200,000 student loan borrowers on Wednesday for $6 billion in loan relief, as the borrowers argued the department was taking too long to process applications claiming the borrowers were defrauded by their colleges.
Judge rules to erase the student loans of 200K borrowers who say they were ripped off | NPR
The lawsuit, Sweet v. Cardona (formerly Sweet v. DeVos), centered on a federal rule, known as borrower defense, that allows federal student loan borrowers to ask the department to erase their debts if a school has lied to them – about their job prospects, their credits' transferability or their likely salary after graduation.
Court Approves $6 Billion In Student Loan Forgiveness For 200,000 Borrowers To Resolve Lawsuit | Forbes
A federal court has approved a landmark settlement that will lead to an estimated $6 billion in student loan forgiveness for over 200,000 borrowers.