Supreme Court upholds $6 billion student loan debt settlement.
TL;DR
The Supreme Court has declined to halt a legal settlement that would cancel over $6 billion in student loan debt from borrowers who claim they were misled by their schools, mostly for-profit institutions. The settlement was reached last year after a class-action suit from nearly 200,000 borrowers against the Department of Education in 2019. The decision is not related to a challenge to President Biden's attempts to cancel up to $20,000 in student loan debt for 40 million Americans.
Topics:nationeducation#education#for-profit-institutions#legal-settlement#loan-relief#student-loan-debt#supreme-court
- Supreme Court refuses to stop $6 billion student loan debt settlement The Hill
- Supreme Court allows $6 billion student loan debt settlement NBC News
- Supreme Court won't block $6B student debt relief settlement WGN News
- Supreme Court leaves student loan settlement in place NPR
- Supreme Court ruled $6 billion in student-debt relief can move forward Business Insider
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