450,000 defrauded student loan borrowers are eligible for debt forgiveness — here's who qualifies

Approximately 450,000 student loan borrowers are eligible for debt cancellation under a $23 billion class-action settlement against the federal government, according to settlement terms. The settlement applies to borrowers who were defrauded by colleges or whose loans were certified based on false information. Eligible borrowers may apply for relief through a process administered by the Department of Education.

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