The Supreme Court is allowing 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.
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Supreme Court won't block $6 billion student debt relief legal settlement. WASHINGTON (AP) — 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. Apr 13, 2023
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. A decision on that plan is expected by late June.
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