$6 billion student debt settlement upheld by U.S. Supreme Court.

The US Supreme Court has rejected a request from three colleges to halt a legal settlement that would cancel more than $6bn in debt owed by former students of colleges, many of them for-profit institutions, who have said they were misled by schools about academics and job prospects. The settlement arose from a legal effort by borrowers in 2019 to force then-Education Secretary Betsy DeVos to resume the Education Department's adjudication of their misconduct claims against the schools. The three schools argued they had suffered reputational harm and that the Biden administration lacked the legal authority to cancel the debt.