Lawsuit Demands Proof Education Dept. Delivered $23 Billion in Student Loan Forgiveness

Lawsuit Demands Proof Education Dept. Delivered $23 Billion in Student Loan Forgiveness

Author: The College Investor July 16, 2026 Duration: 6:39

A new federal lawsuit is trying to answer a question more than 1.5 million student loan borrowers have been asking: did the Department of Education actually cancel the loans it publicly promised to forgive?

The Project on Predatory Student Lending (PPSL) sued the Department (PDF File) on July 1, 2026, in the U.S. District Court for the District of Massachusetts, after the agency sat on fifteen Freedom of Information Act (FOIA) requests (some for more than two and a half years) seeking records on how it carried out its announced group discharges.

The College Investor team has previously filed similar FOIA requests for borrower defense data, the latest with a response in 2023, which took roughly 14 months to process.


Hosted by Robert Farrington, founder of The College Investor and a recognized Millennial Money Expert, The College Investor Audio Show transforms the website's most valuable insights into a daily, conversational format. This podcast directly tackles the financial hurdles unique to a generation, moving beyond theory into practical, actionable strategies. Each episode focuses on the core pillars of modern financial health: systematically eliminating student loan debt, demystifying the fundamentals of investing, and creating actionable paths to increase your income. The goal is clear: to guide you from a place of debt management to one of confident wealth building. You'll hear straightforward advice on navigating repayment plans, understanding where and how to start investing even with limited capital, and exploring side hustles or career moves that make a real difference. It’s a resource for anyone feeling stalled by their loans and eager to lay a solid foundation for their future. Tune in for a no-nonsense take on millennial money, where complex topics are broken down into manageable steps you can apply immediately.
Author: Language: English Episodes: 50

The College Investor Audio Show
Podcast Episodes
How College Refunds Work Plus The Benefits Of Tuition Insurance [not-audio_url] [/not-audio_url]

Duration: 7:29
College tuition refunds are rare. Many colleges only give a full refund if you withdraw before the first day of class, and most stop refunding anything at all within about a month of the start date. Check your own school…
College Is Not Risk-Free: The Hidden Costs Families Never Expect [not-audio_url] [/not-audio_url]

Duration: 22:30
College is not a risk-free investment - and one $15-a-month decision can save families from a five-figure mistake. GradGuard CEO John Fees breaks down the hidden risks most parents never budget for, from tuition loss and…