00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A group of student loan borrowers sued the Trump administration Thursday,
00:06alleging the Education Department continues to report federal loans forgiven years ago
00:11as active debt, according to CNBC. The proposed class action lawsuit involves borrowers whose
00:17loans were canceled during the Biden administration between April 22 and January 2025 because they
00:24attended fraudulent or misleading colleges. The borrowers say the inaccurate credit reports can
00:30affect access to mortgages, rental housing, auto loans, and employment. The project on predatory
00:36student lending estimates the department is still reporting debts for more than 300,000 borrowers.
00:42The Education Department did not immediately respond to CNBC's request for comment.
00:47For all things money, visit Benzinga.com.
