-The United States will cancel $6 billion in student loans for 200,000 borrowers who claimed they were defrauded by their colleges, the administration of U.S. President Joe Biden said

y Kanishka Singh WASHINGTON (Reuters) -The United States will cancel $6 billion in student loans for 200,000 borrowers who claimed they were defrauded by their colleges, the administration of U.S. President Joe Biden said. A settlement agreement between the borrowers and the U.S. Department of Education was filed with the U.S. District Court for the Northern District of California on Wednesday and must be approved by a federal judge. Student debt cancellation has become a priority for many liberals and one that could shore up popularity with younger and more highly-educated voters, who lean Democratic, before November's midterm congressional elections. About 43 million Americans have federal student loan debt, according to educationdata.org. The loans of those borrowers will be fully eliminated, and any payments they made will be refunded, according to the court filing of the settlement deal. The lawsuit from borrowers had accused the administrations of Biden and former President Donald Trump of illegally delaying for years any action on the applications that borrowers had filed with the Education Department seeking debt relief. Video: Dealing with student debt 0:013:10 Dealing with student debt https://www.aol.com/u-cancel-6-billion-student-163552392-152346634.html