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Biden-Harris Administration Announces New Plans for Debt Relief

 

Diverse: Issues In Higher Education

Biden-Harris Administration unveils student debt relief plans, including debt cancellation for 4 million borrowers. U.S. Department of Education discloses totals for four major loan forgiveness programs, providing billions in relief. Plans aim to provide debt relief quickly under the Higher Education Act, with waivers for accrued interest, automatic discharges, and assistance for borrowers in hardship. Debt erasure seen as moral obligation and economic imperative, aiding economic rebound and making higher education more accessible.

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