Supreme Court upholds $6 billion student loan debt settlement.
TL;DR
The US Supreme Court has allowed a settlement that will cancel thousands of student loan debts worth over $6bn. The settlement concerns loans that borrowers claim should be cancelled because they were taken out based on misrepresentation made by their schools, many of which are for-profit. The case is unrelated to President Joe Biden’s broader effort to forgive student loan debt, which is also before the justices, with a ruling due in the next two months.
Topics:nationeducation#debt-cancellation#education#for-profit-colleges#misrepresentation#student-loans#supreme-court
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