A federal judge just ruled $6 billion in student-debt cancellation can move forward for 200,000 defrauded borrowers, saying the decision will 'allow them to not only to move on, but also to move up, elevating others in the process'

• A federal judge ruled that $6 billion in student-debt relief for 200,000 borrowers can move forward.
• It's a result of a settlement — Sweet v. Cardona — first filed under then-President Trump in 2019.
• The judge rejected a request to pause the relief from a few of the schools targeted in the settlement.

Thousands of student-loan borrowers are finally moving forward with long-awaited debt relief.

On Friday evening, federal Judge William Alsup ruled that a settlement he had already approved last year resulting from a lawsuit — Sweet v. Cardona — can move forward, which would give 200,000 borrowers defrauded by the schools they attended $6 billion in debt relief.