The Supreme Court allowed an approximate $6 billion legal settlement to go forward that will cancel student loans for hundreds of thousands of borrowers who say their schools misled them.
REUTERS (Washington) — 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
The justices turned away a request from three colleges that are challenging a settlement between the US Education Department and borrowers that linked the colleges to claims of substantial misconduct , an allegation they dispute
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.