$6 billion in loan relief to defrauded students signals change ahead
$6 billion in loan relief to defrauded students signals change ahead
(NerdWallet) — More than 200,000 federal student loan borrowers who were misled by their schools are in line for $6 billion worth of debt relief as a result of a preliminary settlement approved by court order on Aug. 4.
It’s a whopper of a settlement and a big win for borrowers. But these discharges are only the latest in a series of efforts by the Department of Education to clear application…