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Student loan cancellation update: Biden admin forgives 600,000 loans

By Sophie Hawthorne
Published in Financial Planning
May 09, 2023
1 min read
Student loan cancellation update: Biden admin forgives 600,000 loans

As the pandemic continues to disrupt the lives of millions, student loan debt has been a significant financial burden on many Americans. The Biden Administration recently announced an update on its efforts to provide relief by forgiving the loans of around 600,000 borrowers. The move has been widely welcomed by those struggling with debt, particularly as it is part of a broader scheme to support those in financial difficulty. By providing debt relief, the government hopes to help people get back on their feet and support the economy as a whole. For many struggling with student debt, this update brings much-needed relief and helps to ease the financial burden. With more updates to come, this is a promising step towards financial support for those that need it most.

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Sophie Hawthorne

Sophie Hawthorne

Freelance Writer

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