$6 billion in student-loan forgiveness for 200,000 borrowers just cleared another hurdle — and all members involved in the years-long lawsuit can now get relief
In 2019, the Project on Predatory Student Lending, on behalf of borrowers who believed they were defrauded by the schools they attended, filed a lawsuit — now known as over stalled borrower defense claims, which are claims borrowers can file to get their debt discharged if they can prove they were defrauded by their school.
While the lawsuit was not resolved under former President Donald Trump's Education Sec. Betsy DeVos, President Joe Biden's Education Sec. Miguel Cardona took it on. Cardona agreed to a settlement last summer in the case that would give 200,000 impacted borrowers $6 billion in debt relief. But in January, two for-profit higher-education companies — Lincoln Educational Services Corp. and American National University — and Everglades College, Inc.
"Appellants fail to demonstrate a sufficient probability of irreparable harm to warrant a stay of the challenged settlement pending these appeals," the court wrote in its decision.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Science and Engineering Fair features best of innovation in AlaskaAlmost 200 students submitted projects for the Alaska Science and Engineering Fair.
Leer más »
A Pristine McLaren Elva With Just Over 200 Miles on the Dial Is Now on SaleThe McLarenAuto Elva is a rare sight on the roads, and this one is now up for sale with just over 200 miles on the odometer. McLaren Elva supercar
Leer más »
Mountain View: Fast-growing Crumbl Cookies coming to San Antonio center200 rotating flavors, but you’ll always find Chocolate Chip
Leer más »
Jimin Debuts Atop Hot 100 & No. 2 on Billboard 200: Which Is the Bigger Accomplishment?This week’s Five Burning Questions features the BTS alum’s big week on the Billboard charts with his ‘FACE’ album and “Like Crazy” single.
Leer más »
Dow ends about 200 points lower as economy shows more signs of sputteringMajor U.S. stock indexes fell on Tuesday, with the Dow and S&P 500 both snapping a 4-session win streak, as economic data showed more signs of a sputtering...
Leer más »
Stocks close lower Tuesday, Dow and S&P 500 snap four-day win streaks as economic worries loom: Live updatesThe Dow Jones Industrial Average fell on Tuesday as traders assessed a spike in oil prices and what that could mean for the global economy. The Dow fell 0.59% The S&P 500 shed 0.58% The Nasdaq lost 0.52%
Leer más »