The agreement filed Wednesday in San Francisco federal court would automatically cancel federal student debt for students who were enrolled at one of more than 150 colleges and later applied for debt cancellation because of alleged misconduct by the schools.
The deal has yet to be approved by a federal judge. A hearing on the proposal is scheduled for July 28. When the department under DeVos started deciding claims months later, it issued tens of thousands of denials, often without any explanation. At the time, the judge overseeing the caseof rejections, saying her approach"hangs borrowers out to dry."
An additional 68,000 plaintiffs who did not attend eligible schools will get a “streamlined review” of their claims. The oldest claims will get reviewed first, while the most recent ones will get a decision within 2½ years. "This momentous proposed settlement will deliver answers and certainty to borrowers who have fought long and hard for a fair resolution of their borrower defense claims after being cheated by their schools and ignored or even rejected by their government,” said Eileen Connor, director of the project.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Education Education Latest News, Education Education Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Free Speech Win: Georgia Gwinnett College to Pay $800K Settlement to Christian Student It CensoredGeorgia Gwinnett College in Lawrenceville, Georgia, will pay $800,000 to settle a free speech lawsuit filed by a Christian student it had censored, according to Alliance Defending Freedom. Good times!
Source: BreitbartNews - 🏆 610. / 51 Read more »
Millennials Are Sharing How They Paid Down Their College Debt, And I Need A Minute'One head-on car accident settlement later, I paid off my student loans.'
Source: BuzzFeed - 🏆 730. / 51 Read more »
Biden administration agrees to cancel another $6 billion in student loan debt for defrauded borrowersThe Biden administration has agreed to cancel an estimated $6 billion in federal student loan debt for about 200,000 borrowers who have claimed they were defrauded by their college. Many have been waiting years for the Department of Education to process their claims under a rule known as borrower defense to repayment. College grads will make a Million more than non grads in their lifetime, why make everyone else pay for those who do not want to pay their own debt? Colleges are way overpriced due to essentially a monopoly How were they defrauded? A college degree does not guarantee anything after graduation. POTUS go ahead and cancel all the Student Debt. Republicans gave the rich 2 Trillion and Hundreds of Billions in Covid Relief and they didn't need it and nobody complained. Dems be Bold Unapologetic and make this happen for the students and No Means Testing OK!!!
Source: CNN - 🏆 4. / 95 Read more »