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Education Department accelerates student loan debt cancellation plan

Posted on AllSides January 12th, 2024
From The Right

The Biden administration announced Friday morning that it is expanding and accelerating its income-driven student loan forgiveness plan.

Borrowers who originally took out loans of $12,000 or less and have made at least 10 years of payments will be eligible for debt cancellation as early as next month under the Saving on a Valuable Education Plan.

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