Student Loan Forgiveness Update: $100,000 Could Be Returned to Borrowers

Bryant Willis
Thu, 06 Nov 2025 11:15:00 -0500

Newsweek

By Robert Alexander
Senior Crime & Court Reporter

A class-action lawsuit filed in late October 2025 is testing the limits of federal responsibility in managing the nation’s $1.6 trillion student-loan portfolio.

The suit, brought by former Trump administration official A. Wayne Johnson and four named borrowers, accuses the U.S. Department of Education and the three major credit reporting agencies—Equifax, Experian, and TransUnion—of “willful violations” of the Fair Credit Reporting Act (FCRA) through widespread misreporting of student-loan delinquencies and defaults.