Supreme Court upholds $6 billion student loan debt settlement.

The US Supreme Court has allowed a settlement that will cancel thousands of student loan debts worth over $6bn. The settlement concerns loans that borrowers claim should be cancelled because they were taken out based on misrepresentation made by their schools, many of which are for-profit. The case is unrelated to President Joe Biden’s broader effort to forgive student loan debt, which is also before the justices, with a ruling due in the next two months.