A group of colleges is trying to overturn a $6 billion settlement with student loan borrowers. They claim the deal violates the law. The agreement provides automatic relief to some 200,000 people who applied for it. It also provides refunds of money paid to the federal agency and credit repair. The schools argue that the Education Department lacks the authority to grant widespread debt cancellation. They say each former student’s claim should be assessed individually, and would probably be denied.
