The U.S. Department of Education has agreed to cancel the student loans of around 200,000 people who brought a class-action lawsuit against the government, claiming they were stuck with federal debts from schools that were found to have misled them.
"Since day one, the Biden-Harris Administration has worked to address longstanding issues relating to the borrower defense process. We are pleased to have worked with plaintiffs to reach an agreement that will deliver billions of dollars of automatic relief to approximately 200,000 borrowers and that we believe will resolve plaintiffs' claims in a manner that is fair and equitable for all parties."
