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The motion could delay the discharges of $6 billion in student debt arranged by the recent settlement by the Department of Education in Sweet v. Cardona.
Mark Scheinberg paid students’ loans as owner of the for-profit Stone Academy, according to the Department of Justice. That action will cost him his position as president of Goodwin University.
President Biden suggests he will move to forgive some student debt. When a final decision will occur and whether his plan will be successful is still unknown.