Biden admin. announces another round of student loan cancellation

The Byte administration has announced a new initiative to forgive $7.4 billion in student loan debt, impacting over 200,000 borrowers. This is part of a broader program aimed at making loan forgiveness more accessible to specific groups, such as public workers. The program also offers a repayment plan that provides a quicker route to loan forgiveness for many low-income borrowers. In total, the administration has authorized the cancellation of over $100 billion in student loan debt.

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