Thousands of Borrowers Get Student-Loan Cancellation Emails Under Settlement

Thousands of borrowers received emails this week notifying them that their student loans will be discharged under the Sweet v. McMahon settlement agreement. The emails informed recipients that their loans qualify for full cancellation as part of the settlement terms.

U.S. Department of Education. The settlement resolves claims that the department failed to properly process borrower defense applications.

Recipients were directed to review their loan accounts for updated balances reflecting the discharges.