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Published 23 days ago

What to know about Biden’s latest attempt at student loan cancellation

  • Biden unveiled a plan to cancel student debt for over 30 million Americans, focusing on specific categories of borrowers in need.
  • The Biden administration aims to implement the debt cancellation plan soon, potentially facing legal challenges and political obstacles.
  • The Education Department estimates that 25 million individuals will be eligible for debt relief, with interest completely erased for 23 million.
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