Move will forgive debts of people who borrowed $12,000 or less and have been repaying the money for at least 10 years.
US President Joe Biden has said that his administration was cancelling $1.2bn worth of student loans for almost 153,000 people.
Biden, who is undertaking a three-day campaign swing through California, made the announcement on Wednesday as part of a new repayment plan that offers a faster path to forgiveness.
The US leader had last year pledged to find other avenues for tackling debt relief after the Supreme Court blocked a broader plan to forgive $430bn in student loan debt.
While a college degree is still a ticket to a better life, that ticket is too expensive, Biden said in a statement.
And too many Americans are …
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