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Education Department Must Wipe Out Student Loans For 500,000 Borrowers Under Settlement, Says Court
A federal appeals court has handed a major victory to student loan borrowers, rejecting the Education Department's bid to delay discharging federal student loans for over 500,000 Americans. The Ninth Circuit ruled the Department must proceed with relief under the *Sweet v. McMahon* settlement, impacting "post-class applicants" who sought Borrower Defense relief. The Education Department, citing resource constraints, had asked for a delay in mandated relief and argued that these borrowers shouldn't qualify. However, the court found no significant change in circumstances to modify the settlement, noting the Department's prior commitments. Consequently, post-class applicants who did not receive a Borrower Defense determination by key deadlines are entitled to full settlement relief.
More Than 170,000 Borrowers Will Finally Have Their Student Loans Wiped Out After a Federal Court Blocks Another Delay
Around 170,000 Americans who have spent years waiting for decisions on their student loans are now entitled to have the affected debt canceled.
A federal appeals court rejected the Education Department’s attempt to delay relief promised under the Sweet v. McMahon settlement. The case involves former students who said their colleges misled them about costs, accreditation, job prospects or the value of their programs.
The July 17 decision does not introduce a new student loan forgiveness program. It forces the federal government to honor deadlines it accepted under an existing court settlement. Borrowers whose applications were not decided before those deadlines qualify for full relief.
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