Another 125,000 borrowers will have their student loan debt erased, the Biden administration announced.
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Another 125,000 student loan borrowers will have $9 billion in student loan debt erased, the Biden administration said Wednesday.
Those borrowers were already eligible for cancellation through various programs: Public Service Loan Forgiveness for people working as teachers and health care workers, for instance; income-driven repayment plans that link payments to wages and forgive balances after 20 or 25 years of payments; or discharges for those with disabilities.
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