Three schools have taken steps to appeal a settlement agreement that, if implemented, would result in an estimated $6 billion in student loan forgiveness for over 200,000 borrowers. Here's what borrowers should know.
... [+]Three schools have taken steps to appeal a settlement agreement that, if implemented, would result in an estimated
for over 200,000 borrowers. Implementation of the agreement was set to begin this week, but now borrowers who stand to benefit from the settlement may have to wait.In November, a federal courta settlement agreement between the U.S. Department of Education and a class of federal student loan borrowers to resolve a long-running lawsuit over stalled student loan forgiveness applications under the Borrower Defense to Repayment program.
Under the settlement agreement, the Biden administration would provide $6 billion in student loan forgiveness for over 200,000 borrowers who submitted Borrower Defense applications prior to June 2022 and attended one of the schools on an approved list of institutions. Borrowers would also be entitled to refunds of past payments as well as credit repair.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UT schools, UNT block students from using TikTok on campus Wi-FiTexas universities are blocking access to TikTok across all devices connected to campus networks to “eliminate the cybersecurity risks.” Officials at the...
Read more »
Florida Says AP African American Studies Program 'Lacks Educational Value'The state used Ron DeSantis’ “Stop WOKE Act” to block the proposed program from its schools
Read more »
Improving math skills among US kids could start as early as block playMany of the problems students face in high school math find their roots in early education, according to researchers.
Read more »
Abbott TikTok ban prompts UT-Austin to block Wi-Fi access to appThe University of Texas at Austin on Tuesday blocked access to TikTok on its...
Read more »
Feds won't seek death penalty for El Paso Walmart shooterFederal prosecutors will not seek the death penalty for a man accused of fatally shooting nearly two dozen people in a racist attack at a Walmart in 2019.
Read more »