Court Grants Preliminary Approval For $6 Billion In Student Loan Cancellation Under Landmark Settlement

FILE – Education Secretary Miguel Cardona speaks in the East Room of the White House in Washington, … [+] April 27, 2022. (AP Photo/Susan Walsh, File) Copyright 2022 The Associated Press. All rights reserved. A federal court on Thursday granted preliminary approval for a settlement agreement between the Biden administration and student loan borrowers to…