← All Education news

Education Department sends final Sweet v. McMahon discharges

3 min read

The Education Department has issued student loan discharge emails to the final cohort of post-class Borrower Defense applicants covered by the 2022 Sweet v. McMahon settlement. The settlement addressed delayed or denied Borrower Defense applications dating to a 2017 lawsuit and previously granted automatic relief to over 500,000 class members, mainly from Exhibit C schools. This final group of about 30,000 applicants attended non-Exhibit C schools and had applied between June and November 2022; their notices complete the settlement entitlements of discharge, refunds of prior payments, and deletion of negative credit reporting, even as the department had previously sought delays.

About 30,000 post-class borrowers received final Sweet v. McMahon discharges.

The full analysis

19 dimensions on this story β€” world impact, market read, and what happens next.

  • Full ContextLocked
  • Affected SectorsLocked
  • Stock ImpactLocked
  • Economic IndicatorLocked
  • Investor RelevanceLocked
  • Professional RelevanceLocked
  • Watch PointsLocked
  • Probability of ChangeLocked
  • Debate PointsLocked
  • Follow-up QuestionsLocked
  • Pros & ConsLocked
Start your 7-day free trial