The case is now expected to result in at least $23 billion in total federal student loan relief for approximately 500,000 borrowers, according to the Project on Predatory Student Lending, the organization that brought the case on behalf of plaintiffs. Relief already delivered — and what's still owedThe original 2022 settlement has already resulted in $6 billion in federal student loan debt relief for roughly 300,000 borrowers. The Education Department's final deadline to clear these borrowers' loan debts is June 15, 2027, and affected borrowers are not required to make payments while they wait for forgiveness to take effect. Connor told CNBC that the average federal student loan balance forgiven under the settlement exceeded $48,000, though she cautioned that individual amounts vary widely, with many borrowers receiving substantially more or less than that average. Borrowers seeking more information about the settlement and the relief process can visit the Project on Predatory Student Lending's website.