By Lawrence Hurley -
NBC News
An arrangement that will allow the debts of thousands of students to be canceled may go into effect after the Supreme Court declined to block it on Thursday.
In an order, the highest court rejected a petition filed by several universities against the student debt forgiveness agreement.
This case is not related to the program of the president, Joe Biden, which seeks to cancel some 400,000 million dollars in student debt
, which was also presented before the judges, who must make a decision in the next two months.
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The multimillion-dollar settlement from a class action lawsuit involves loans that
recipients say should be canceled because they were taken based on misrepresentations by schools
, many of them for-profit.
The arrangement may be worth more than $6 billion.
