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Biden cancels student debt for millions of Americans

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President Biden on Wednesday announced his long-awaited plan on student debt. Borrowers making less than $125,000 a year will be eligible for $10,000 in federal loan forgiveness. That goes up to $20,000 for those with the greatest need. Biden also extended a pause on loan payments through the end of this year. Laura Barrón-López joins Amna Nawaz to discuss.

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Category
U.S. & Canada
Tags
10000 student loan forgiveness, biden, biden executive action
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