Us President Joe Biden Cancels $6 Billion of Student Loans
The US Department of Education has agreed to cancel $6 billion worth of
student loans for over 250,000 people as a result of a settlement of a class-action lawsuit.
The case, Sweet v. Cardona, involved 264,000 people who claimed that they
were the victims of predatory loan practices by around 150 colleges and
universities, including institutions such as DeVry and University of Phoenix.
As part of the settlement, the Department of Education will cancel the loans
As part of the settlement, the Department of Education will cancel the loans
of all impacted parties included in the lawsuit, as well as refund any
payments they made toward the loans. Any negative impacts the loans had on their credit will also be erased.