Three higher education institutions appeal Sweet v. Cardona ruling
Three higher education institutions filed notices last week appealing Sweet v. Cardona $6 billion settlement
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Last year, The Department of Education announced its intent to cancel $6 billion in student loans for defrauded borrowers—including 150- plus colleges listed in the settlement agreement.
In November a federal judge approved a $6 billion settlement for 200,000 student loan borrowers after higher education institutions misled them. The lawsuit was first filed in 2019, after borrowers accused the U.S. Department of Education “for delaying decisions on their borrower defense to repayment claims,” as reported by Higher ED Dive.
Three higher education institutions—two for-profits: American National University and Lincoln Educational Services Corp and the nonprofit Everglades College, filed notices last week appealing Sweet v. Cardona $6 billion settlement from the U.S. Department of Education—delaying relief for 200,000 borrowers.
This is only one of five ongoing higher education lawsuits that will significantly impact higher education.
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