Supreme Court allows $6 billion student loan debt settlement

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NEW: Supreme Court allows a $6 billion student debt settlement that could lead to the cancellation of 200,000 loans.

, which is also before the justices, with a ruling due in the next two months.

The application at the Supreme Court was filed by Everglades College, Lincoln Educational Services Corp. and American National University. Lincoln and American National are for-profit enterprises, while Everglades is not-for-profit. All three operate colleges the federal government placed on a list of more than 150 institutions that it said are linked with claims of “substantial misconduct.”

“The secretary’s claimed authority amounts to nothing less than the power to cancel, en masse, every student loan in the country,” the challengers said in court papers.

 

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Paying off one segment of the populations debt is discrimination against those who pay off their own debts, and it's also funding indoctrination.

You are shadow banned heavily !

GREAT news.

Keep bailing out these kids and they're never going to learn to grow up

Thank you China. Haha.

I'm gonna guess that they realized that if they made student loan cancellation illegal, they would have to make farmer's loan relief illegal

How about canceling property tax as far as regional school tax for retirees mom and pop on Social Security Retirement with small pensions. worked all their lives. Ask Trump Clinton and the Bidens to Pitch on!

How about canceling our property taxes when it comes to regional tax for retirees mom and pop

I had gone to one of those none profits. They grilled ke into going when my ex wasn't qualified. The lady said ' if I can survive cancer, you can go to college ' they changed my hours and major on me.

I really hope there is more to this story... or the lesson is only suckers pay off debt?

That’s bs. Why did we bother to pay and struggle fir our kids education

Oh geez. Why…

College Loans Are A Scam!

So who's the 'special' few? What's the criteria?

this just tells me USD is literally worthless

I would like to see the reallocation of guaranteed student loans to trades and majors that have a 10 year ROI only, this would greatly reduce the ability for Universities to Scam American Youth.

Remember when the Democrats were screaming that 5 billion was too much to build the wall and keep our country secure? Dems spend money like drunken sailors buying votes that will do nothing but prolong the pain of their failed monetary policies. 😞

Is this retro?

Oh here comes the crying people we're already in debt. Have you seen the debt ceiling lately crying over student debt. You people are unbelievable! Selective rage! Smh🙄

...200,000 loans? That doesn't seem like that many for 6 billion?! Wtf?!

Notice how the recent bailing out corporations and banks never had to go before the Supreme Court

I want my social security

How about just lowering the costs of tuition in academic institutions?

Unconstitutional.

I'd like my home mortgage forgiven, if that's the case

Pathetic

Stack the court

The case is unrelated to President Biden’s broader effort to forgive student loan debt, which is also before the justices.

While the American people suffer and pay for it!

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