The settlement, which will cancel student loans for borrowers who say they were misled by their schools, is unrelated to Biden's student loan forgiveness plan.
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The settlement, which will cancel student loans for borrowers who say they were misled by their schools, is unrelated to Biden's student loan forgiveness plan.
The justices declined to intervene over a class-action settlement that could lead to the cancellation of more than 200,000 loans based on claims that colleges misled students.
The justices' action comes as the high court is weighing what to do with the Biden administration's plan to wipe away $400 billion in student debt held by more than 40 million people.
The US Supreme Court refused to block a legal settlement that would cancel $6 billion in debt for students who say they were misled about job prospects by a group of mostly for-profit colleges.
Three schools challenged the settlement, which would forgive $6 billion, saying the Biden administration had colluded with plaintiffs and exceeded its authority.
The Supreme Court on Thursday refused to block a settlement in a long-running suit involving the adjudication of applications for the cancellation of student loan debts at 151 for-profit colleges.
The Supreme Court on Thursday allowed a roughly $6 billion legal settlement to go forward that will cancel student loans for hundreds of thousands of borrowers who say they were misled by their schools.
The U.S. Supreme Court on Thursday refused to halt a legal settlement that would erase more than $6 billion in debt owed by former students of colleges who have said they were misled by schools about academics and job prospects.
The Supreme Court refused a request to block a $6 billion settlement that will cancel the student loans of about 200,000 borrowers who say they were defrauded by their schools.
The Supreme Court decided not to block a $6 billion student loan debt settlement based on thousands of claims that colleges misled students. Several of the colleges had tried to
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