Education Department Sends Student Loan Forgiveness Emails To Next Group Of Borrowers Covered By Settlement

The Education Department has emailed another batch of student loan borrowers who are eligible for loan forgiveness under a settlement involving predatory lending practices. The emails contain a simple message: you may qualify for loan forgiveness. However, it’s not unusual for this type of email to go unnoticed in people’s inboxes, or to be mistaken as spam, so it’s important that borrowers who believe they may be eligible for forgiveness keep a sharp eye out for these messages. The settlement was reached with a number of large for-profit colleges that had allegedly misled their students about job prospects, and left them with crippling debts. The emails are a significant milestone in the ongoing battle to hold these predatory institutions accountable for their actions, and to help students who were victimized by their practices. Loan forgiveness is a powerful tool for those who are struggling with mountains of debt, and it’s important that we do everything we can to ensure people who are eligible are informed and able to take advantage of this opportunity.