Archive · 31 Jan 2026
Student Loan Borrowers May See Full Cancellation Soon
A lot of people who took out student loans might have them completely forgiven soon.
The government asked for more time to handle these requests, but if the judge doesn't agree, the loans of people who applied between June 2022 and November 2022 and went to certain schools might be canceled automatically.
The judge hasn't made a decision yet, so we're waiting to see what happens.
Hundreds of thousands of student loan borrowers may see full cancellation this week.
The department requested an extension until July 2027, citing delays in processing.
The judge has not yet ruled on the extension request, leaving automatic forgiveness possible.
Eligible borrowers are those who applied between June 22, 2022, and November 16, 2022, and attended specific schools listed in the settlement.
The current status of the loan cancellations is pending the judge's decision.
- Who
- Student loan borrowers who applied between June 22, 2022, and November 16, 2022, and attended specific schools
- What
- Potential full cancellation of student loans
- When
- This week, pending judge's decision
- Where
- United States
- Why
- Due to a settlement involving specific schools and an extension request by the department
- Extension Request
- July 2027
- Application Period
- June 22, 2022, to November 16, 2022
- Eligible Borrowers
- Hundreds of thousands
- Current Status
- Pending judge's decision
- Schools Involved
- Listed in the settlement