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Biden to cancel $7.7 billion in student debt for 160K borrowers
President Joe Biden announced a new round of federal student debt forgiveness Wednesday that his administration said will provide relief to 160,000 borrowers. The Education Department said it's canceling $7.7 billion for certain borrowers who received Public Service Loan Forgiveness, like teachers, nurses and law enforcement officials. The debt relief also applies to some borrowers who signed up for a relatively new income-driven repayment plan known as SAVE and who qualify for a benefit that...
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Biden Administration Transfers Another $7.7 Billion in Student Debt to Taxpayers
Joe Biden announced he will be erasing $7.7 billion in student debt for 160000 Americans under the SAVE plan and other methods adopted by...
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Biden administration announces additional $7.7 billion in student debt relief
The Biden administration on Wednesday announced the cancellation of an additional $7.7 billion in student loans for 160,000 Americans in its ongoing efforts to relieve soaring college debt. As the November election looms, the administration has been eager to highlight progress in its debt cancellation programs, making announcements such as this one nearly once a month. President Joe Biden has faced blowback from Republicans who accuse the administration of transferring the burden to taxpayers...