A visitor takes a selfie in front of the Supreme Court building on Capitol Hill, Monday, March 27, 2023, in Washington. 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.
The justices did not comment in rejecting an emergency plea from Everglades College, Lincoln Educational Services Corp. and American National University. The schools had argued that they were unfairly included on a list of more than 150 institutions, most of them for-profit, linked with alleged misconduct. Lincoln and American are for-profit institutions; Everglades is a not-for-profit.
The class-action settlement was approved late last year by U.S. District Judge William Alsup in San Francisco in response to complaints that the 150-plus schools had made false recruiting claims and left many students unable to find jobsThe Justice Department has already begun implementing the agreement and said in court that roughly 3,800 borrowers who are part of the settlement attended the three schools.Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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Supreme Court won't block $6B student debt relief settlementThe 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. The justices didn't comment in rejecting an emergency plea from Everglades College, Lincoln Educational Services Corp. and American National University. The schools had argued they were unfairly included on a list of more than 150 institutions, most of them for-profit, that were linked with alleged misconduct. 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. FU GQP! Let that be a lesson! wow how will i feed my family now? SUPREME COURT JUSTICES ARE ABOVE THE LAW!
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