U.S. Supreme Court won't halt $6 billion student debt settlement

The U.S. Supreme Court has declined to halt a $6 billion settlement reached between colleges and students over tuition refunds. The deal, which resolves claims that colleges improperly kept tuition fees after the pandemic forced classes online, represents the largest settlement of its kind. The lawsuit was brought on behalf of more than 1 million students and the settlement is expected to provide average refunds of $1,000 per person. While some schools have already made partial refunds, this settlement will provide additional relief to students who have struggled with pandemic-related financial challenges. The Supreme Court’s decision not to intervene is a significant victory for students seeking compensation for their disrupted education. The settlement reinforces the idea that colleges have a responsibility to deliver the services they promised students, and that they can be held accountable when they fail to do so. With the financial challenges of the pandemic still looming, this settlement may offer some much-needed relief for those struggling to manage student debt.