The Education Department must proceed with discharging student loan forgiveness for a group of eligible borrowers in a settlement case after a recent ruling from a federal appeals court.
The Friday decision marked a win for about 179,000 borrowers in the drawn-out Sweet v. McMahon settlement. In the ruling, the U.S. Court of Appeals for the Ninth Circuit rejected an appeal from the Department of Education to alter the initial settlement timeline since they hadn’t expected a large amount of applications for loan relief. The borrowers applied in a five-month window stretching from June to Nov. 2022.
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