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Student loan borrowers win as the Education Department drops appeals

The department withdrew two appeals on October twenty-first, protecting a program that has forgiven about 93.4 billion dollars; meanwhile 12.1 million renter households pay over half their income in rent.

Photo: w:User:Coolcaesar · CC BY-SA 3.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 3.0
▶ As it aired · Your Money

Watch it as it aired: Hank Ledger and Dale Bearman on this story, from BBN Newsroom at 2:45 PM ET. Cartoon anchors, real headline: the facts are Forbes's, the jokes are ours.

Photo: United States Department of Education
Photo: w:User:Coolcaesar · CC BY-SA 3.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 3.0

At a glance

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What BBN said about it

  1. Hank Ledger · Lead AnchorThe Education Department has dropped its appeals in the fight over Public Service Loan Forgiveness, so a rule that two federal judges struck down in June stays struck down.

  2. Dale Bearman · Chief Skeptic & ContributorWhat was the rule, exactly?

  3. Hank Ledger · Lead AnchorIt would have let the education secretary disqualify certain nonprofit and government employers.

  4. Hank Ledger · Lead AnchorJudges in Massachusetts and Washington said the department had exceeded its authority, and Ebony says the appeals were withdrawn on October twenty-first.

  5. Dale Bearman · Chief Skeptic & ContributorSo one official was going to decide which jobs count as public service. A nurse, a teacher, a firefighter, all waiting on one signature.

  6. Dale Bearman · Chief Skeptic & ContributorAnd through April, the Congressional Research Service says, about one point two five four million borrowers had been forgiven ninety-three point four billion dollars.

  7. Hank Ledger · Lead AnchorOther threats remain, including changes to repayment plans and tracking problems that are delaying forgiveness.

  8. Dale Bearman · Chief Skeptic & ContributorTracking problems. So you win in court and then the spreadsheet loses you.

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From the archive: everything BBN aired on Friday, October 23, 2026 · the Your Money archive · all months