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Billion-Dollar Student Loan Forgiveness Approved | Dayton News
Eleven billion dollars in federal student loan debt is being wiped out for over 170,000 borrowers after a court shut down the Trump administration’s attempt to block relief for students scammed by their schools. This follows a long-running class-action lawsuit over the “borrower’s defense” program, designed to forgive loans when colleges lied or defrauded students. In 2022, Biden agreed to settle claims filed before a deadline—or automatically forgive loans if borrowers missed it. The Trump team missed the deadline and begged for more time, but courts said no—and now an appeals court has…
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