The U.S. Department of Education agreed Wednesday to automatically forgive the federal student loans of roughly 200,000 borrowers to settle a class-action lawsuit alleging that the agency delayed granting relief to students who were defrauded by their colleges. Students will be eligible to receive debt relief if they filed a borrower defense claim against one of the 150-plus colleges listed in the settlement agreement — including large for-profit universities such as Capella and Walden.
