170,000 borrowers get student loan debt wiped out completely in historic settlement

More than 170,000 borrowers will see $11 billion in student loan balances disappear after a key federal court ruling in what has become the largest settlement against the U.S. government in the nation’s history.The ruling stems from the 2019 Sweet vs. McMahon settlement against the government based on the borrower defe

170,000 borrowers to see student loan debt erased  USA Today

The Education Department will erase roughly $11 billion in federal student loan debt owed by more than 170,000 borrowers after a federal appeals court rejected the Trump administration’s attempt to delay relief for students who claimed they were defrauded by their schools. The July 17 ruling stems from a yearslong clas

The settlement covers borrowers who alleged that their schools misled them about things like job prospects or earnings potential.

450K borrowers’ debt relief: Who is eligible to have their debt forgiven?  MARCA

Student Loan Borrowers Trying To Restore SAVE Plan Face Legal Setback  Forbes

It was the latest sign that the president was doubling down on his fight for aspects of a deal that brings him vast benefits, even though they have jeopardized the confirmation of his pick for attorney general.

Because of Republicans who passed Trump’s so-called One Big Beautiful Bill, an entire generation that was told that borrowing to get a college degree was the way to get ahead may be repaying that debt for most of their working lives.

The borrowers say they were defrauded by their colleges, but the class-action lawsuit to erase their federal student loans has been tangled up in courts for years.

The Trump administration opened a federal investigation into Denver Public Schools after a teacher allegedly required same-sex students to kiss in class.