Supreme Court refuses to stop $6 billion student loan debt settlement ...Middle East

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Supreme Court refuses to stop $6 billion student loan debt settlement
The Supreme Court will not stop a legal settlement which would cancel more than $6 billion in student loan debt from students who say they were misled by their schools, mostly for-profit institutions. The settlement is the result of a class-action suit from nearly 200,000 borrowers against the Department of Education in 2019, which accused schools of boosting enrollment through misleading advertisements and exaggerating the quality of their education and future job prospects. After years of litigation, the settlement was reached last year, but three institutions appealed the agreement to the Supreme Court, saying their inclusion was a “scarlet letter” and severely damaged their repu

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