Student loan forgiveness: Supreme Court allows $6 billion student loan debt settlement

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Student loan forgiveness: Supreme Court allows $6 billion student loan debt settlement
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The Supreme Court declined to block a settlement related to loans that borrowers claim should be canceled because they were taken over based on misrepresentation made by their schools. The schools, mostly for-profit institutions, had fought the claims.

SCOTUS declined to block a class-action settlement related to loans that borrowers claim should be canceled because they were taken over based on misrepresentation made by their schools. The schools, mostly for-profit institutions, had fought the claims.

The settlement is unrelated to President Joe Biden’s larger efforts to forgive student loan debt, plan that covers some $430 billion in student debt for about 40 million borrowers.If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

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