Close Menu
  • Entertainment
  • Lifestyle
  • Relationships
  • Tips & Tricks
  • Celebrity Kids
Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
Facebook X (Twitter) Instagram Pinterest Vimeo
GistFestGistFest
  • Entertainment

    Kelly Osbourne Engaged to Sid Wilson During Ozzy’s Black Sabbath Farewell

    July 10, 2025

    Madison LeCroy Welcomes Baby No. 2 — the Heartwarming Story Behind the Name

    July 9, 2025

    Diddy Found Guilty of Prostitution Charges, Cleared of Sex Trafficking

    July 8, 2025

    Ariana Zolciak Supports Kim Zolciak and Siblings Amid Ongoing Money Issues

    July 7, 2025

    Rihanna’s Pregnancy Update: A$AP Rocky Hints at Baby’s Sex

    July 4, 2025
  • Lifestyle

    Kelly Osbourne Engaged to Sid Wilson During Ozzy’s Black Sabbath Farewell

    July 10, 2025

    Madison LeCroy Welcomes Baby No. 2 — the Heartwarming Story Behind the Name

    July 9, 2025

    Diddy Found Guilty of Prostitution Charges, Cleared of Sex Trafficking

    July 8, 2025

    Ariana Zolciak Supports Kim Zolciak and Siblings Amid Ongoing Money Issues

    July 7, 2025

    Rihanna’s Pregnancy Update: A$AP Rocky Hints at Baby’s Sex

    July 4, 2025
  • Relationships

    Kelly Osbourne Engaged to Sid Wilson During Ozzy’s Black Sabbath Farewell

    July 10, 2025

    Madison LeCroy Welcomes Baby No. 2 — the Heartwarming Story Behind the Name

    July 9, 2025

    Diddy Found Guilty of Prostitution Charges, Cleared of Sex Trafficking

    July 8, 2025

    Ariana Zolciak Supports Kim Zolciak and Siblings Amid Ongoing Money Issues

    July 7, 2025

    Rihanna’s Pregnancy Update: A$AP Rocky Hints at Baby’s Sex

    July 4, 2025
  • Tips & Tricks

    Kelly Osbourne Engaged to Sid Wilson During Ozzy’s Black Sabbath Farewell

    July 10, 2025

    Madison LeCroy Welcomes Baby No. 2 — the Heartwarming Story Behind the Name

    July 9, 2025

    Diddy Found Guilty of Prostitution Charges, Cleared of Sex Trafficking

    July 8, 2025

    Ariana Zolciak Supports Kim Zolciak and Siblings Amid Ongoing Money Issues

    July 7, 2025

    Rihanna’s Pregnancy Update: A$AP Rocky Hints at Baby’s Sex

    July 4, 2025
  • Celebrity Kids

    Madison LeCroy Welcomes Baby No. 2 — the Heartwarming Story Behind the Name

    July 9, 2025

    Ariana Zolciak Supports Kim Zolciak and Siblings Amid Ongoing Money Issues

    July 7, 2025

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025

    DDG Files Restraining Order Against Halle Bailey

    June 10, 2025
Subscribe
GistFestGistFest
Home » The Biden Administration Hasn’t Followed Through On Its Promise, Owes Thousands of Student Debt Relief
General

The Biden Administration Hasn’t Followed Through On Its Promise, Owes Thousands of Student Debt Relief

SolomonBy SolomonMarch 3, 20244 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
biden-speaks
Source: CNBC
Share
Facebook Twitter LinkedIn Pinterest Email
biden-speaks
Source: CNBC

On Black Friday, Jason Apley experienced a rude awakening while shopping with his wife. Upon checking his bank account, he discovered he had about $500 less to spend compared to the previous holiday season. 

Unlike many Americans grappling with student loan debt, the 44-year-old father of three from Knoxville, Tennessee, believed his debt had been canceled. However, the hefty deduction reappeared on his balance when the pandemic-era hold on loan payments was lifted.

In 2022, Apley was among approximately 200,000 borrowers who settled a groundbreaking federal lawsuit with the U.S. Education Department in Sweet v. Cardona. The lawsuit shed light on the deceptive practices of for-profit schools, which misled borrowers with promises of lucrative careers. The federal government acknowledged that thousands had been deceived and pledged to cancel the borrowers’ debt.

This year, on January 28, the borrowers anticipated their student loan accounts would be wiped clean, their credit reports would be scrubbed, and refunds would be issued. However, the Biden administration failed to fully honor that promise for at least a third of the Sweet borrowers.

ALSO READ: Freelancers File Lawsuit Against Biden Administration’s Independent Contractor Rule

According to a Justice Department letter in February, only 69% of the borrowers had their forgiveness processed, leaving nearly 60,000 borrowers without relief. The Education Department later admitted to misrepresenting the number of borrowers awaiting discharge.

The delay in debt relief has real-life consequences. Some borrowers have postponed significant life decisions, such as buying homes or undergoing medical procedures. Apley, who had to tighten his belt during Christmas, is among those awaiting refunds for payments made to cover deceptive loans.

The process of canceling the student debt of thousands is intricate, says the Education Department. Many borrowers involved in the suit have multiple smaller loans consolidated into one, making navigating the loans challenging. Moreover, different student loan companies handled the loans, and varying loan ages complicate billing history retrieval.

POLL — Should the Government Increase Taxes on the Wealthy To Reduce Economic Inequality?

President Biden touted billions of dollars in student debt relief during his campaign, promising $22.5 billion in forgiveness for over a million borrowers. However, the sluggish progress in providing relief to Sweet plaintiffs underscores the complexities of the student loan system the administration aims to fix.

Sweet v. Cardona, initiated in June 2019, highlighted the failure of the Education Department to protect students from predatory colleges. Theresa Sweet, the lead plaintiff, recounted her experience with the Brooks Institute of Photography in California, which left her burdened with debt and living paycheck to paycheck.

ALSO READ: Washington Jury Orders Monsanto To Pay Nearly $1 Billion Fine to Students and Parents

The holdup in debt relief is mainly attributed to student loan companies needing more information. As discussions continue in court, lawyers for the Sweet plaintiffs urge the government to expedite the process. However, the delays exacerbate the stress and financial strain on borrowers, casting doubt on the government’s ability to handle larger-scale debt relief efforts.

As the March deadline looms for a resolution, Sweet emphasizes the situation’s urgency, noting the tangible impact on individuals. The outcome of the Sweet case serves as a cautionary tale, highlighting the disconnect between promising debt relief and delivering it to those in need.

You Might Also Like:

Christian Student Punished for Wearing “Homosexuality Is a Sin” T-Shirt Wins Settlement From School

College Reinstates Biology Professor Fired for Saying X and Y Chromosomes Determine Sex

Court Orders Family Dollar Stores to Pay $41.6 Million Fine for Mouse-Infested Warehouse

Democratic Council Member Faces Recall Efforts in Crime-Ridden City as Residents Feel Unsafe

FBI Discovered Classified Documents in Trump and Biden’s Home, Both Face Different Investigations 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThese Are Some of the Best Jets Produced By Lockheed Martin
Next Article 14-Time Lottery Winner and Mathematician Shares Tips to Hack the System 

Related Posts

General

Rihanna’s Pregnancy Update: A$AP Rocky Hints at Baby’s Sex

July 4, 2025
General

Jeff Bezos Wedding Surprise: The One-of-a-Kind Gift for Every Guest

July 1, 2025
General

Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

June 19, 2025
Latest Posts

Kelly Osbourne Engaged to Sid Wilson During Ozzy’s Black Sabbath Farewell

July 10, 2025

Madison LeCroy Welcomes Baby No. 2 — the Heartwarming Story Behind the Name

July 9, 2025

Diddy Found Guilty of Prostitution Charges, Cleared of Sex Trafficking

July 8, 2025

Ariana Zolciak Supports Kim Zolciak and Siblings Amid Ongoing Money Issues

July 7, 2025

Rihanna’s Pregnancy Update: A$AP Rocky Hints at Baby’s Sex

July 4, 2025

Brad Pitt and Ines De Ramon: Inside His New Relationship After Divorce

July 3, 2025

Katy Perry and Orlando Bloom Split After Nearly 10 Years Together

July 2, 2025

Jeff Bezos Wedding Surprise: The One-of-a-Kind Gift for Every Guest

July 1, 2025
About
About

We’re a news, entertainment and lifestyle hub that is dedicated to giving you quality insight on the latest lifestyle news, movie and TV news, celebrity news and lots more.

Contact us: info@gistfest.com

MOST POPULAR

Alina Nikitina: Everything We Know About the Russian Model

October 4, 2023

Jacob’s Ladder Piercing: All You Need To Know

July 21, 2023

Jennifer Rauchet: Inside the Life of Pete Hegseth’s Wife

August 30, 2023

Subscribe to Updates

Get the latest news delivered straight to your inbox!

Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
© 2025 GistFest. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.