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June 12, 2024 2:09 am

Biden is forgiving another $1.2 billion in student loan debt starting today

President Joe Biden is slated to announce Wednesday during his fundraising trip to Los Angeles that his administration will cancel another $1.2 billion in student loan debt — this time for about 153,000 borrowers. All of them have been approved for the shortened repayment period benefit under the Saving on a Valuable Education (SAVE) Plan.