May 4, 2024

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Video: CNN reporter breaks down Biden administration’s new student loan forgiveness plan | CNN Politics

Video: CNN reporter breaks down Biden administration’s new student loan forgiveness plan | CNN Politics

10 months ago 1 min read

The Biden administration announced 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. CNN’s Tom Foreman reports.

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