President Biden's plan to forgive up to $20,000 in loans is held up in the courts. But that hasn't stopped the administration from canceling billions in debt.
Sara Diaz was feeling emotional when she checked her email Tuesday. She was among the hundreds of Neiman Marcus employees laid off last month and had just finished a stressful phone call about her health insurance.
The Education Department has forgiven more than $18 billion for borrower defense applicants and people whose schools closed before they finished their degrees, including $5.8 billion for 560,000 Corinthian College students and $3.9 billion for 200,000 borrowers who were enrolled at ITT Technical Institutes.
Before her settlement application was approved, Diaz, 36, spent more than two years waiting for an update on the pending status, checking every three months.
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