President Joe Biden is adding a new tool to his arsenal for canceling student debt in the coming months as his 2024 reelection campaign ramps up.
The White House is set to announce Friday that the administration will implement earlier than planned a provision of Bidens new loan repayment program that forgives debt for borrowers who initially borrowed less than $12,000 and have made payments for 10 years.
Federal student loan borrowers typically must repay their debts for 20 or 25 years to have their remaining balances discharged under the Education Departm…
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