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The article reports on the announcement by the U.S. Justice Department and the Education Department of a process on November 17, 2022 that would make it easier for people seeking relief on their federal student loans to clear their debts through bankruptcy. Topics covered include the difficulties that borrowers face when using bankruptcy to discharge their student loans, and the potential of the new guidance in providing a meaningful avenue for debt relief.

The article reports on the settlement agreement between several U.S. states and student load servicing company Navient. Topics mentioned include the need for Navient to pay restitution and cancel delinquent private student load debts, the lawsuit filed by several states against the company due to its deceptive and abusive operations affecting struggling students, and the student loan rules under the U.S. Department of Education.

The article discusses that the Education Department erased half a billion dollars in student debt for borrowers defrauded by their schools, the agency said that it would discharge another $55.6 million for students at three other institutions.