Supreme Court upholds $6B student debt relief settlement.

The Supreme Court rejected an emergency plea from three schools to block a $6 billion legal settlement that will cancel student loans for hundreds of thousands of borrowers who say they were misled by their schools. The settlement was approved last year by a U.S. District Judge in response to complaints that over 150 schools had made false recruiting claims and left many students unable to find jobs. The Biden administration is also planning to wipe away $400 billion in student debt held by over 40 million people, with a decision expected by late June.