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Schools File Notice of Appeal in $6 Billion Borrower Defense Settlement
Intervenors seek to delay and deny approved settlement relief for over 200,000 borrowers in Sweet v. Cardona
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.
2022 Delivers Historic Wins for Student Borrowers | Blog
It has been a historic year for PPSL and our clients, with big changes for our organization and even bigger wins for student borrowers. These massive victories are the result of years of dedication from our clients, who never gave up hope or backed down.
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.
200,000 student-loan borrowers were just granted $6 billion in debt relief after a federal judge approved a settlement with Biden's Education Department | Insider
On Wednesday, federal Judge William Alsup granted final approval of a lawsuit — Sweet v. Cardona — filed in 2019 by student-loan borrowers who accused the Education Department at the time of failing to process their borrower defense to repayment applications. These are forms borrowers can file if they believe they were defrauded by the school they attended. If the department approves their forms, they would qualify to have their student loans discharged.
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.