Education Department Agrees To Cancel $6 Billion In Student Loan Debt Over Fraud Claims

With the constant chatter surrounding student loan debt relief, it seems that an additional 200,000 borrowers have just received notice their loans have been canceled. The Department of Education announced that it will cancel up to $6 billion of student loan debt as a result of the Sweet V Cordona 2019 lawsuit. The class-action lawsuit against the government alleged that students were stuck with student loans because schools misled them. According to CNBC, under the terms of the agreement, “the Education Department will immediately approve around $6 billion in debt forgiveness. The 200,000 borrowers eligible for the relief will get… Read Full Article