amounting to approximately 17 percent). In June 2022, the U.S. Department of Education agreed to forgive the student loans of approximately 200,000 borrowers (amounting to approximately $6 billion) to settle a class-action lawsuit the students filed against the Department in June 2019 for refusing to process their waivers from debt owed to for-profit institutions that misled the students about the financial remuneration, the quality of vocational training, and the career advancement they would receive by attending the institutions. In August 2022, the Department of Education announced that it would cancel the student loans of 208,000 borrowers who attended ITT Technical Institute (amounting to $3.9 billion). In October 2022, the Department released final regulations to expand and streamline targeted debt relief programs for students that were defrauded by the institutions they attended, as well as changes to the Public Service Loan Forgiveness program which led to 360,000 borrowers qualifying for $24 billion in debt relief. In December 2022, the Government Accountability Office (GAO) issued a report requested by U.S. House Education and Labor Committee Ranking Member Virginia Foxx that surveyed and assessed the financial aid offer letters of a nationally representative sample of 176 colleges on ten best practices recommended by the Financial Literacy and Education Commission in 2019 and found that 91 percent of the colleges surveyed did not include an estimate of the net price of attending the institution or understated the estimated net price, that approximately two-thirds of the colleges surveyed followed five or fewer of the ten best practices, that no college followed all ten, and that at least one college followed none. Additionally, the GAO found that only 3 percent of the colleges surveyed used a standardized Department of Education form that conforms to the best practices for financial aid offers to students (while only one-third used it as a supplementary form to their own financial aid offer letters), and in interviews with college financial aid officers, the GAO found that some colleges intentionally withhold information to prevent sticker shock and to not put themselves at a competitive disadvantage with colleges that do not include such disclosures. The GAO recommended that Congress consider legislation requiring college financial aid offer letters include clear and standard information following the best practices as federal law does not currently require standardized disclosures from colleges. Higher education plays a vital part of the American Dream for most students. Going to college