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News • 2 years ago

Biden administration announces $39 billion in student debt relief following administrative fixes

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Biden administration announces $39 billion in student debt relief following administrative fixes

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News • 2 years ago

Biden administration announces $39 billion in student debt relief following administrative fixes | CNN Politics

The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.

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