Student loan settlement erases debt for 170K borrowers

A 2026 update to the $23 billion borrower defense class action case, Sweet v. McMahon, allows an additional 170,000 student loan borrowers to have their debt forgiven. MarioGuti/Getty Images Roughly seven years after plaintiffs filed a massive class action lawsuit against the U.S. Department of Education (DOE), more than 170,000 additional borrowers will have their…

Freedom Debt Relief commends new research highlighting the importance of debt settlement to help struggling consumers

Financial Services Innovation Coalition report highlights growing financial strain on American households and the role that debt relief can play for consumers facing high-interest, unsecured debt SAN MATEO, Calif., Aug. 3, 2026 /PRNewswire/ — Freedom Debt Relief, one of the largest and longest-running providers of debt settlement services in the U.S., supports findings from a…