The Education Department will erase roughly $11 billion in federal student loan debt owed by more than 170,000 borrowers after a federal appeals court rejected the Trump administration’s attempt to delay relief for students who claimed they were defrauded by their schools. The July 17 ruling stems from a years-long class-action lawsuit over the federal…
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450K student loan borrowers eligible for debt relief after court ruling
The Hill
August 5, 2026 at 7:04 PM
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The Education Department will erase roughly $11 billion in federal student loan debt owed by more than 170,000 borrowers after a federal appeals court rejected the Trump administration’s attempt to delay relief for students who claimed they were defrauded by their schools. The July 17 ruling stems from a years-long class-action lawsuit over the federal…