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Biden Administration Cancels Another $7.7 Billion in Student Loans

 

NYT > Education

Biden cancels $7.7B student loans for 160,000 borrowers, part of larger forgiveness plan. Borrowers notified via email. Loan forgiveness central to Biden’s re-election pitch, aims to make education affordable. Despite cancelling more debt than predecessors, Biden falls short of mass forgiveness promise. Administration has cancelled $167B for 4.75M borrowers, aims to forgive debt for 30M borrowers. Broader program faces potential legal challenges.

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