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Biden Admin Rescinds Trump Policy, Cancels $1 Billion in Federal Student Loan Debt

The U.S. Department of Education said it has scrapped a Trump-era policy in order to fully erase federal student loan debt for borrowers who claim they didn’t receive the kind of college education they were promised. The change, according to the newly-confirmed Education Secretary Miguel Cardona, is expected to ultimately help approximately 72,000 borrowers receive

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