News

Appeals court rejects Education Department’s bid to delay borrower defense decisions
Coverage Jaclin Gomez Coverage Jaclin Gomez

Appeals court rejects Education Department’s bid to delay borrower defense decisions

The decision is just the latest in the Sweet v. McMahon case, which was originally filed in 2019 under the first Trump administration. At the time, borrowers alleged that the Education Department was stonewalling their applications for borrower defense.

As of this April, the Education Department had discharged or refunded $12 billion for almost 300,000 borrowers under the settlement, the agency said in recent court documents.

Read More
Education Department Must Wipe Out Student Loans For 500,000 Borrowers Under Settlement, Says Court
Coverage Annamaria Orlandi Coverage Annamaria Orlandi

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.

Read More
Op-Ed: Loan Caps Will Steer Students Toward Riskier Private Lending
Jen Sifferlen Jen Sifferlen

Op-Ed: Loan Caps Will Steer Students Toward Riskier Private Lending

New federal caps on student borrowing are, in theory, designed to finally push colleges to rein in the cost of graduate education. But less than two months before those limits take effect, universities and private lenders are already building private lending pipelines that could keep tuition high while pushing students and their families into riskier debt.

Read More