News
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.
1.5 million borrowers were promised student loan relief. A new lawsuit wants proof it happened
A new lawsuit alleges the U.S. Department of Education may not be discharging certain federal student loans as previously promised.
The lawsuit, filed by the Project on Predatory Student Lending, seeks data showing which loans have actually received discharges.
Feds promised $23B in student loan forgiveness for 1.5M borrowers. Lawsuit asks, did it happen?
Years after the Department of Education promised to erase more than $23 billion in debt for 1.5 million student loan borrowers, a new lawsuit questions whether that promise was ever kept.
New Student Loan Lawsuit Filed on Forgiveness Promised to Over a Million
A new lawsuit filed against the U.S. Department of Education (ED) alleges the agency has failed to provide transparency regarding the status of promised student loan discharges affecting more than 1.5 million borrowers.
The legal challenge raises questions about whether billions of dollars in approved debt relief have actually been delivered.
After failing to deliver on promises of rewarding careers, some for-profit schools leave students with lifetime of debt
Students seeking better jobs turn to for-profit colleges, often taking out federal loans only to discover many programs misled them with degrees that can be essentially worthless.
Ninth Circuit presses feds over bid to pause expired student loan relief deadline | Courthouse News Service
“‘The government agreed to this settlement three years ago. It is fair to hold them to their word.” Plus, Ellis argued the government has pulled the rug out from under those who applied for relief back in 2022, some of whom have had their credit wrecked while their loans remain in forbearance. The panel did not indicate when it would rule.”’
Consolidation Deadline For These Student Loans Is Just Two Weeks Away | Forbes
A major deadline for certain federal student loans is only two weeks away, and failing to act could be a costly mistake for hundreds of thousands of borrowers. But many of them may not even be aware that they have to take action. Here’s what student loan borrowers should know about the upcoming consolidation deadline, and what’s at stake.
Automatic Discharges Of Student Loans To Proceed After Dual Court Wins | Forbes
Student loan borrowers notched two major court victories this week. The wins should pave the way for tens of thousands of borrowers to receive automatic discharges of their federal student loans in the coming months, along with payment refunds and fixes to credit reporting.
Why the Education Department Wants to Sell Off the Student-Loan Portfolio | Chronicle of Higher Education
In a sign of the Trump administration’s continued efforts to shutter the Department of Education, the agency is apparently pursuing selling off its $1.7-trillion student-loan portfolio to private entities.
SF Judge Rejects Government Bid to Delay Processing Student Debt Claims | KQED
Tens of thousands of student loan borrowers who say their schools misled them may soon find out whether that debt will be cleared after a Thursday ruling from a federal judge in San Francisco.