A critical debt deadline has passed — and for legions of borrowers, it could mean the difference between discharged debt and continued, crushing payments.
April 15 was the deadline for the Education Department to issue its decision on applications filed by a group of post-class applicants under the Sweet v. McMahon settlement agreement.
According to the Project on Predatory Student Lending, the legal organization representing borrowers in the case, the Department’s failure to meet the deadline entitles borrowers to student loan discharge, refunds of past payments, and amended credit reporting.
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