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International Business Times
International Business Times
National
Shreyashi Chakraborty

Biden Scraps Two Student Loan Forgiveness Plans: What Borrowers Must Know

The Biden Administration has withdrawn two key plans designed for student loan forgiveness, a move that will hurt millions of Americans.

The proposed regulations had given the U.S. Department of Education secretary special immunity to cancel student loans for specific groups including long-term borrowers and financially distressed borrowers.

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