450,000 Defrauded Student Loan Borrowers Eligible for Debt Forgiveness — Here's Who Qualifies The recent $23 billion class action settlement between student loan borrowers and the US Department of Education marks a significant step towards accountability.
However, it also highlights the systemic failures that left hundreds of thousands of students drowning in debt.
At issue are schools that made false promises to student loan borrowers, assuring them of stable careers, higher earnings, and transferable credits.