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US Politics

US Politics

Biden's final student-loan forgiveness action has arrived

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On Thursday , Biden's Education Department announced over $600 million in debt cancellation for 4,550 borrowers on income-based repayment plans and 4,100 borrowers who the department found were defrauded by DeVry University .

Thursday 's announcement brings total student debt relief under Biden to $188.8 billion for 5.3 million borrowers.