Good news might be on the horizon for thousands of Americans with student debt, as they might be forgiven after the government missed a crucial deadline. Under a 2022 settlement agreement from the Sweet v. Cardona case, the US Department of Education was given the deadline of January 28 to decide on a large group of borrowers’ Borrower Defense applications this week. Missing that deadline means debt forgiveness could be issued automatically.
There is an element of uncertainty over who will get the forgiveness, but there is reason for optimism. Under the Sweet v Cardona agreement, the Department of Education was asked to make a decision…