On June 22, 2022, The United States Department of Education (“USDE”) and Class Plaintiffs in the Sweet v. Cardonaclass action proposed a settlement where the USDE will cancel $6 billion in student loans for 200,000 borrowers for certain schools. Among those schools is Ross University School of Veterinary Medicine (“Ross”). If you have applied for borrower defense loan forgiveness before June 22, 2022, you are already part of the class and do not need to take further action. Once the United States District Court for the Northern District of California approves the Settlement Agreement, all previous applications for cancelation will be re-reviewed.
Veterinarians that attended Ross and have not applied for borrower-defense forgiveness by June 22, 2022 can still qualify as a post-class applicants. However, time is of the essence as funds for these types of settlements are limited and usually priority is given to the first applicants. Veterinarians who are a victims of Ross’s deceptive or predatory practices should consider immediately filing “borrower defense” applications with the Department of Education (https://studentaid.gov/borrower-defense/). Once submitted such application will be considered “Post-Class Applicants” to the class and may receive the same relief as Class members. One can also call the Department of Educations Borrower Defense Hotline at 1-855-279-6207 to check the status of such applications.
The relief is substantial. Class Members and qualifying Post Class Applicants will be eligible to have their outstanding loans fully discharged, receive refunds for amounts paid, and have any negative credit history associated with these loans deleted.The information contained in this blog is for educational purposes only and should not be considered legal advice or the establishment of an attorney/client relationship. If you need an experienced veterinary attorney, we can help. At Mahan Law, our knowledgeable veterinary professionals understand how to succeed in the veterinary industry. When you come to us for assistance, we will put our understanding and experience to work for you, doing everything we can to help you achieve your professional and personal goals.