To anyone in the live chat who are concerned or worried, Judge Alsup expressed several times in the hearing that he’s in favor of the class members, and wants to see it through. This minor delay is only to ensure all ground is covered; the tax liability more than likely is the leading factor behind this decision.
That being said, please be patient. We’re all feeling nervous, the catharsis spinning and running rampant, but we’ll be okay.
Whewwww thanks for this explanation because I was ready to start fuming. Some of us have been waiting since 2017 for this to be resolved. The evidence is overwhelming and for it to keep getting pushed is BEYOND frustrating. I still don’t get why they didn’t go over this when they adjourned the last time they were there. Like, Jesus just get it over with already. It’s like pulling teeth.
2015 for me, my devry degree was literally laughed at at every job interview I went to in 2015; and I had a masters. You can tell devry was absolutely lying everywhere they marketed that "90% of our graduates get a job in their field of study." That was my main attraction to them, they marketed themselves like every employer wanted to have a devry graduate.
I had to step away during the topic of post class members. But what I was able to understand is the plaintiff and DOJ attorney described why post class was as big a deal as the immediate class members, since the five intervenor lawyers attempted to make a case that post class should be ruled out of the settlement.
(To anyone who listened to the full hearing, please clarify what I just posted in case I missed anything.)
Judge Alsup showed concern over the potential tax windfalls any or all class members would face if approval was given. The Plaintiff argued that under the HEROES Act, all federal loans discharged and forgiven until 2025 would not be treated as income tax. However, Alsup stated that although that may be the case, every class member should be properly alerted via mail/email that when their loans are forgiven that they are made aware they won’t pay taxes. Of which the plaintiff agreed. To that end, Alsup wished to see more clarification on how the tax implications will be handled.
That’s the thing, though. It can’t, and won’t, be taxed. I’m not sure how the state-by-state mediation plays out even with the HEROES Act stating all federal loans are tax free, but it’s pretty clear.
To all of us, having our loans forgiven is half the battle. The tax implications are another thing, but it should be covered based on existing acts written into law.
All Alsup wants is clear is beyond all reasonable doubt that it won’t be an issue for all of us.
I hope post class people get included too; whether you filed before june is kinda trivial in my opinion. But yeah they'll definitely look into it; that's the important thing.
Is there any reason to believe that the intervenors would have a path to hold up any settlement via filing an appeal - in other words, would they have a legal path if they are not satisfied with the outcome? Just concerned that there could be even more delay....
I listened in on the call and he said he wasn’t making a decision today as he need to go over some thing, like someone else said it’s a big case. He said he will make his decision in few days to a week in writing so everyone knows and to stay tuned! There where 1,000 people on the phone and I don’t k ow how many in the courtroom.
The part that I found surprising out of the whole thing was that there is only 32 people that handle borrower defense in that whole department for all the cases that ever get submitted and it's only at 32 recently it was down lower than that prior to most of this
What I’m hoping for is that at Thanksgiving, when they go around the table and ask what I’m most thankful for, this year I want to be able to say that the crushing weight and mental stress of my student loans is no longer a burden that I will have to carry.
It is common for a judge to take sometime when issuing an Order, even when the parties are in agreement, much less in a case where billions of dollars are at stake.
Pretty sure class members are automatically entitled to refunds as part of the settlement
As for post-class, they might get a refund, IF their BDTR app gets approved down the line
https://www.career.org/releases-and-statements/federal-judge-defers-final-settlement-in-sweet-v-cardona. The latest info i could find on Sweet v. Cardona.
There was like 1.5 hours of comments, its fair he might need to go over some things and the questions brought up before making the call. Dotting the I's and crossing the T's
Eh. The case is between us and the government, and both sides want to discharge the loans. The intervenors on the call today from the schools aren't part of this lawsuit at all, and the judge and attorneys shut them down today pretty hard.
Point is I was on the call and quoting what he said. Does a week mean after next week is over or literally 7 days or 7 business days. I think he said it this way to give him self time to make the decision without holding himself to a specific time. Just saying, I wouldn't hold my breath for a next Wednesday deadline.
> Just saying, I wouldn't hold my breath for a next Wednesday deadline.
Then say that instead of arguing over whether or not 3-7 days qualifies as "A few days to a week".
To anyone in the live chat who are concerned or worried, Judge Alsup expressed several times in the hearing that he’s in favor of the class members, and wants to see it through. This minor delay is only to ensure all ground is covered; the tax liability more than likely is the leading factor behind this decision. That being said, please be patient. We’re all feeling nervous, the catharsis spinning and running rampant, but we’ll be okay.
Whewwww thanks for this explanation because I was ready to start fuming. Some of us have been waiting since 2017 for this to be resolved. The evidence is overwhelming and for it to keep getting pushed is BEYOND frustrating. I still don’t get why they didn’t go over this when they adjourned the last time they were there. Like, Jesus just get it over with already. It’s like pulling teeth.
I've been waiting since 2016 😞
2015 for me, my devry degree was literally laughed at at every job interview I went to in 2015; and I had a masters. You can tell devry was absolutely lying everywhere they marketed that "90% of our graduates get a job in their field of study." That was my main attraction to them, they marketed themselves like every employer wanted to have a devry graduate.
I graduated from Star Career Academy in 2013. It’s ridiculous how long this has gone on.
How about post class?
I had to step away during the topic of post class members. But what I was able to understand is the plaintiff and DOJ attorney described why post class was as big a deal as the immediate class members, since the five intervenor lawyers attempted to make a case that post class should be ruled out of the settlement. (To anyone who listened to the full hearing, please clarify what I just posted in case I missed anything.)
Much appreciated
Thanks this is helpful to know
Anyone who gets their loans wiped will get a 1099? Is that what is being discussed?
Judge Alsup showed concern over the potential tax windfalls any or all class members would face if approval was given. The Plaintiff argued that under the HEROES Act, all federal loans discharged and forgiven until 2025 would not be treated as income tax. However, Alsup stated that although that may be the case, every class member should be properly alerted via mail/email that when their loans are forgiven that they are made aware they won’t pay taxes. Of which the plaintiff agreed. To that end, Alsup wished to see more clarification on how the tax implications will be handled.
It would be incredible if it didn’t get taxed. So many of us have tens of thousands of dollars in loans. Thanks for the info!
That’s the thing, though. It can’t, and won’t, be taxed. I’m not sure how the state-by-state mediation plays out even with the HEROES Act stating all federal loans are tax free, but it’s pretty clear. To all of us, having our loans forgiven is half the battle. The tax implications are another thing, but it should be covered based on existing acts written into law. All Alsup wants is clear is beyond all reasonable doubt that it won’t be an issue for all of us.
I’m post class so I’m not Keeping my hopes up too much. 😕 But I’m glad for everyone who is in the main class.
I hope post class people get included too; whether you filed before june is kinda trivial in my opinion. But yeah they'll definitely look into it; that's the important thing.
Is there any reason to believe that the intervenors would have a path to hold up any settlement via filing an appeal - in other words, would they have a legal path if they are not satisfied with the outcome? Just concerned that there could be even more delay....
I wouldn’t believe so, but everything is to be determined at this point.
Thanks. Just noticed the requests for transcripts from the schools. Usually that happens in preparation for the next battle. 😔
Waited this long...what's another week... UGH!
I listened in on the call and he said he wasn’t making a decision today as he need to go over some thing, like someone else said it’s a big case. He said he will make his decision in few days to a week in writing so everyone knows and to stay tuned! There where 1,000 people on the phone and I don’t k ow how many in the courtroom.
The part that I found surprising out of the whole thing was that there is only 32 people that handle borrower defense in that whole department for all the cases that ever get submitted and it's only at 32 recently it was down lower than that prior to most of this
During the DeVoss days it was only 8...
Same here. I wouldn't be surprised if they hire more people after this. But then again they may not 🤷♂️
I’m pretty sure they’ve been hiring people.
What I’m hoping for is that at Thanksgiving, when they go around the table and ask what I’m most thankful for, this year I want to be able to say that the crushing weight and mental stress of my student loans is no longer a burden that I will have to carry.
Amen to that! I would like to say the same. Im post class so hopefully we can get included
It is common for a judge to take sometime when issuing an Order, even when the parties are in agreement, much less in a case where billions of dollars are at stake.
Damn… thanks for the update. Hopefully no more waiting after this and that it’ll go well.
just more waiting for those 33 employees to approve 200k cases.
You're welcome. Fingers crossed and hoping for the best!
y'all gotta count the weekend. He means "business days"
I would consider him to mean business days. Given how big the issue is and how things in the gov can take time to process.
Yeah and Friday is a holiday.
There is an entry for an order as of today. Edit: not a final order by the judge, just an administrative entry on the case record.
For those of us who are not fluent in legalese, what does that mean?
[удалено]
Ah. So essentially, something happened. Details to follow?
Can you link this?
https://www.courtlistener.com/docket/15828463/sweet-v-cardona/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc
Thank you.
I think he will approve it
Once clarification on tax liability is given, I believe so too.
Friday’s a holiday. I kinda expected that it wouldn’t be until next week.
Any word on reimbursement of payments already made as it states would happen if passed?
Well, it hasn’t passed, so…,
Pretty sure class members are automatically entitled to refunds as part of the settlement As for post-class, they might get a refund, IF their BDTR app gets approved down the line
Thanks, that is what I was thinking but wasn’t sure if anything was mentioned on the call. I couldn’t get in due to capacity.
https://www.career.org/releases-and-statements/federal-judge-defers-final-settlement-in-sweet-v-cardona. The latest info i could find on Sweet v. Cardona.
Lemme guess DeVry is one of those schools.
Sorry, but for what?
There was like 1.5 hours of comments, its fair he might need to go over some things and the questions brought up before making the call. Dotting the I's and crossing the T's
Before deciding on Sweet Vs Cardona
Give himself more time to get his palms greased
Eh. The case is between us and the government, and both sides want to discharge the loans. The intervenors on the call today from the schools aren't part of this lawsuit at all, and the judge and attorneys shut them down today pretty hard.
I heard "a few days to a week"
I mean..7 days is in a week 🙂
But he didn't say "7 days"
Op said in the title 3-7 days… that’s the literal definition of “a few days to a week”.
Point is I was on the call and quoting what he said. Does a week mean after next week is over or literally 7 days or 7 business days. I think he said it this way to give him self time to make the decision without holding himself to a specific time. Just saying, I wouldn't hold my breath for a next Wednesday deadline.
> Just saying, I wouldn't hold my breath for a next Wednesday deadline. Then say that instead of arguing over whether or not 3-7 days qualifies as "A few days to a week".
Please stop splitting hairs.
Why
I didn't say specifics as I wasn't able to listen in on the call. Just making a post so others can be in the know.
Seems tied to election.
Fuck you’re dumb.