Thousands Await Student Loan Forgiveness Amid Delays

Despite promises, nearly 60,000 borrowers are still waiting for debt relief under the Sweet v. Cardona lawsuit.

Nearly 60,000 student loan borrowers eligible for forgiveness under the Sweet v. Cardona lawsuit are still awaiting debt relief, despite promises from the Education Department.
The lawsuit promised debt forgiveness to around 200,000 borrowers misled by for-profit schools, with the federal government committing to cancel all plaintiffs' debt.
Delays in debt relief are attributed to complex loan histories, unavailable payment records, and processing across multiple servicers, with only 69% of eligible borrowers having received full forgiveness.
The Education Department acknowledges the breach of its obligations and is working to resolve the issues, with an updated timeline for relief expected by March 1.
President Biden emphasizes the economic benefits of student debt relief and continues to advocate for additional forgiveness measures amid ongoing delays.