News
Student Borrowers in Sweet v. Cardona Defend $6 Billion Borrower Defense Settlement in SCOTUS Brief
In the class-action lawsuit Sweet v. Cardona, borrowers filed a brief with the Supreme Court of the United States in response to a petition filed by three intervening institutions—Lincoln Educational Services Corporation, American National University, and Everglades College, Inc.—asking SCOTUS to stay the $6 billion borrower defense settlement and seeking to bypass the standard appeals process, which is set to begin in May in the Ninth Circuit.
UPDATE: Judge Denies Motion to Stay Settlement Relief in Sweet v. Cardona
Judge William Alsup denied the motion to stay implementation of settlement relief in the borrower defense lawsuit Sweet v. Cardona.
Student Borrowers File Opposition to Motion to Delay Relief in $6 Billion Borrower Defense Settlement
Student borrowers in the class action lawsuit Sweet v. Cardona today filed an opposition to the motion to stay settlement relief filed by schools attempting to block the landmark borrower defense settlement with the US Department of Education.
UPDATE: Schools Continue to Delay Approved Settlement Relief for Student Borrowers
At a status conference in the class action lawsuit Sweet v. Cardona, Judge William Alsup addressed the schedule for the motion to stay settlement relief pending appeals of the landmark borrower defense settlement, setting a hearing date on the motion for February 15, 2023.
Student Borrowers Win Final Approval of Settlement to Cancel Over $6 Billion in Loans for 200,000 Borrowers
Student borrowers today won final approval of a settlement with the US Department of Education in the class action lawsuit Sweet v. Cardona. The agreement, which received preliminary approval on August 4, 2022, states that the Department will immediately cancel at least $6 billion in student loans for approximately 200,000 individuals with pending borrower defense applications.
Student Borrowers Ask Court for Final Approval of Settlement to Cancel Over $6 Billion in Loans for 200,000 Borrowers
Student borrowers filed a joint motion for final approval of a settlement with the US Department of Education today in the class action lawsuit Sweet v. Cardona.
In Major Victory, ITT Students Secure Full Debt Cancellation | Press Release
In another major victory for defrauded former for-profit college students, today, the U.S. Department of Education announced that it would fully discharge all remaining federal student loans for borrowers who attended ITT Technical Institute (ITT) from January 1, 2005, through its closure in September 2016. All told, this means 208,000 borrowers will receive $3.9 billion in full loan discharges.
Judge Grants Preliminary Approval of Borrower Defense Settlement in Sweet v. Cardona
On Thursday, August 4, Judge William Alsup granted preliminary approval of the proposed joint settlement in the lawsuit Sweet v. Cardona. Upon final court approval, the settlement will immediately cancel at least $6 billion in federal student loans for approximately 200,000 individuals.
Hearing Scheduled for Thursday in Sweet v. Cardona on Borrower Defense Settlement
On Thursday, August 4, Judge William Alsup will hold a hearing on preliminary approval and intervention in the lawsuit Sweet v. Cardona, regarding the proposed joint settlement agreement and colleges’ motions to intervene in the settlement. Upon final court approval, the settlement will immediately cancel at least $6 billion in federal student loans for approximately 200,000 individuals.
The Project on Predatory Student Lending Relaunches as Independent, Nonprofit Organization
The Project, which has grown to represent over one million student borrowers, will officially spin-off from the Legal Services Center at Harvard Law School on August 1st.