NewzA federal appeals court ruling has cleared the way for the Department of Education to provide student loan debt relief to borrowers who claimed they were defrauded by their schools. The decision follows a years-long class-action lawsuit concerning the federal borrower’s defense program and rejects an attempt by the Trump administration to delay the relief process.
Following the July 17 ruling, the Education Department is set to erase approximately $11 billion in federal student loan debt. While reports indicate that 450,000 borrowers are eligible for relief, specific figures note that the initial action will impact more than 170,000 borrowers.
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