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News in English (USA) / 17.10.2024 / 14:00

Biden Administration Announces Major Student Debt Forgiveness Initiatives

The Biden administration has made significant strides in student debt relief, forgiving $4.5 billion in loans for over 60,000 public service workers. This move is part of a broader initiative that has seen nearly $175 billion in student loan forgiveness approved for close to 5 million individuals. With the recent cancellations, Biden has now relieved student debt for more than 1 million public servants. As the administration celebrates this milestone, it faces ongoing court battles regarding broader relief efforts, leaving many borrowers in limbo while public service debt forgiveness continues to move forward.
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