Colleges ask Supreme Court to halt 6B student loan debt settlement

WASHINGTON — Colleges challenging a class-action settlement that could lead to student loans being canceled for hundreds of thousands of borrowers on Wednesday asked the Supreme Court to put the case on hold. The case is unrelated to President Joe Biden’s broader effort to forgive student loan debt, which is also currently before the justices, with a ruling due in the next two months. The new application concerns a settlement approved by California-based U.S. District Judge Willam Alsup in November in a case brought by borrowers who claim their federal student loans should be canceled because their schools, many of…