Thousands of student-loan borrowers are getting long-awaited debt cancellation from a $23 billion settlement

Student-loan borrowers who were defrauded by their schools are getting debt relief. sengchoy/Getty Images Student-debt relief is coming for more borrowers defrauded by their schools. It's a result of the Sweet vs. McMahon settlement, which has pushed for relief for thousands of borrowers. An appeals court denied the Education Department's attempt to delay the relief. Student-loan forgiveness is finally here for thousands of borrowers. A federal court denied the Department of Education's request to delay student-debt relief for borrowers entitled to relief under the Sweet vs. McMahon settlement. The settlement has allowed for $23 billion in relief for over 500,000 borrowers defrauded by their schools. It was reached in 2022 under the Biden administration, and while batches of borrowers have received relief, thousands more have been waiting.