https://www.nytimes.com/2026/08/03/business/student-loans-borrower-defense.html
1 day ago · The sprawling case, centered on students defrauded by for-profit schools, has now become the largest class-action settlement in American history.
https://openclassactions.com/news/student-loan-borrower-defense-largest-class-action-settlement.php
1 day ago · The Project on Predatory Student Lending, the nonprofit that represents the borrowers, puts the figure at "at least $23 billion" and calls it both the largest class action settlement in American history and the largest financial settlement ever against the federal government. The case is Sweet v.
https://www.cnbc.com/2026/07/31/sweet-v-mcmahon-student-loans-borrower-defense.html
4 days ago · Hundreds of thousands of student loan borrowers are eligible for debt cancellation under a $23 billion class-action settlement against the federal government.
https://studentaid.gov/announcements-events/sweet-settlement
The settlement became effective on Jan. 28, 2023, and ED is starting to implement it, as described below. The settlement is final, though the court granted a temporary stay (delay) of discharges related to three schools until the court of appeals rules on their motion to stay.
https://openclassactions.com/settlements/sweet-v-mcmahon-borrower-defense-settlement.php
Nov 14, 2025 · Sweet v. McMahon has secured at least $23 billion in federal student-loan relief; a July 2026 appeals ruling preserved automatic relief for late-decided post-class applications.
https://www.ppsl.org/news/landmark-borrower-defense-case-sweet-v-mcmahon-becomes-largest-ever-settlement-against-the-us-government
Jul 23, 2026 · With Sweet’s $23 billion settlement, PPSL has secured $50 billion in federal student loan discharges for borrowers defrauded by predatory schools. BOSTON (July 23, 2026) — The landmark borrower defense case Sweet v. McMahon is now the largest-ever settlement against the U.S. federal government, and the largest class-action settlement in American history, after a federal appeals court ...
https://studentaid.gov/borrower-defense/
If your borrower defense application is successful, your federal student loans related to your application will be discharged. Once your eligible loans have been discharged, the forbearance or stopped collections period for any of your remaining federal student loans will end.
